India-US Trade Key Facts and Trends 2023

Get Complete details on Import Globals. Here are some key facts about trade between India and the United States:

Bilateral Trade Volume: The trade relationship between India and the United States has been substantial. In recent years, the bilateral trade volume between the two countries has been steadily growing and reached around $149 billion in goods and services in 2019.

Trade Balance: Historically, India has experienced a trade surplus with the United States, meaning that India exports more goods and services to the US than it imports from the US. This surplus has been a point of discussion and concern in bilateral talks between the two nations.

Major Exports from India to the US: India's main exports to the US include textiles, pharmaceuticals, machinery, gems and jewelry, and information technology services.

Major Imports from the US to India: The United States exports a variety of goods to India, including aircraft, machinery, optic and medical instruments, agricultural products, and mineral fuels.

Trade Agreements: Both countries have been engaged in negotiations to enhance trade relations and have discussed various trade-related issues, including tariffs, intellectual property rights, market access, and agricultural trade barriers.

Investment: Apart from trade in goods and services, both India and the United States have made significant investments in each other's countries. Many American companies have established a presence in India, contributing to job creation and economic growth in both nations.

Policy Changes: Trade policies, tariffs, and regulations can significantly impact trade between the two countries. Changes in political administrations in either country may result in alterations in trade policies and negotiations.

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