India US Trade Trade and commerce form a crucial component of the rapidly expanding and multifaceted relations between

n India and US. From a modest $ 5.6 billion in 1990, the bilateral trade in merchandise goods has increased to $ 57.8 billion in 2011 representing an impressive 932.14% growth in a span of 21 years. Indias merchandise exports to the U.S. grew by 19.88% from $ 7.93 billion during the period January- March 2011 to $ 9.50 billion in January- March 2012. US exports of merchandise to India also grew by 3.93% from $ 4.57 billion during the period January March 2011to $ 4.74 billion in January March 2012. India US bilateral merchandise trade stands at $ 14.24 billion during this period. Trade during the period January March 2012 i) Major items of export from India to US Select major items with their percentage shares, are given below. a) Textiles (17.9%) b) Precious stones & metals (16%) c) Pharmaceutical products (10%) d) Mineral Fuel, Oil (7.9%) e) Lac, Gums, Resins (6.3%) f) Organic chemicals (6.1%) g) Machinery (5.6%) h) Electrical Machinery ( 4.4%) ii) Major items of export from US to India Select major items with their percentage shares, are given below a) Precious stones & metals (16.4%) b) Machinery (16.1%) c) Mineral fuel, Oil, etc. (9.2%) d) Optical instruments & equipment (9%) e) Electrical machinery (7.7%) f) Organic chemicals (4.1%) g) Plastic (3.6%) h) Iron and steel (3.2%) Trends with respect to the major items of bilateral trade during the past two years are as follows.

Indias exports to US Cut and polished diamonds and jewelry is a major item of Indias exports to the US, accounting for 22.2%. Exports of this item increased from $ 6.86 billion in 2010 to $ 8.02 billion in 2011, an increase of 17%. Textiles exports accounted for 17.4% of Indias exports to the US in 2011. Textile exports grew from $ 5.69 billion in 2010 to reach $ 6.28 billion in 2011, an increase of 10.37%. Exports of pharmaceutical products grew from $ 2.39 billion in 2010 to $ 3.22 billion in 2011, an increase of 34.5%. Exports of mineral fuel, oil grew from $ 2.32 billion in 2010 to $ 3.19 billion in 2011, an increase of 37.2%. Exports of organic chemicals grew by 15.5% from $ 1.72 billion in 2010 to $ 1.98

billion in 2011. US exports to India Exports of precious stones and metals which accounted for 21.4% of exports from US to India grew by 9.9% to reach $ 4.62 billion in 2011 from $ 4.21 billion in 2010. Machinery exports grew by 9.8% from $ 2.67 billion in 2010 to $ 2.93 billion in 2011. Exports of electrical machinery grew by 12.7% from $ 1.36 billion in 2010 to $1.54 billion in 2011. Exports of aircraft, aviation machinery and parts, fell by 39.7% to $ 0.77 billion in 2011 from $1.28 billion in 2010.

During the year 2007, the basket of US imports to India included exceptionally large imports of aircraft /parts, which resulted in a leap in the growth rate of US exports to 54.7%. With this component excluded, the growth rates of US exports in 2007 and 2008 are 37.5% and 39.9% respectively.

Contact General For Mr. E-mail Telephone For all trade Harinder : other (Commerce) : : 202-939-9810 and general Fax related :

Details 202-797-4693 queries Mecheri

hmecheri[at]indiagov[dot]org

queries: Grover

Attach E-mail Telephone Minister E-mail Counsellor E-mail

: Mr. Manjish mgrover@[at]indiagov[dot]org 202-939-9834

(Commerce) : Mr.Vinay : mincom[at]indiagov[dot]org (Commerce) : Dr.B.Bala : ccom[at]indiagov[dot]org

Kwatra Bhaskar

India US Trade Trade and commerce form a crucial component of the rapidly expanding and multi-faceted relations between India and US. From modest $ 5.6 billion in 1990, the bilateral trade in merchandise goods has increased to $ 48.75 billion in

2010 representing an impressive 771% growth in a span of 20 years. Indias merchandise exports to the U.S. grew by 23.1% from $ 25.04 billion during the period January October 2010, to $ 30.83 billion in January October 2011. US exports of merchandise to India also grew by 10.02% from $ 16.09 billion during January - October 2010 to $ 17.70 billion in January October 2011. India US Bilateral Merchandise Trade stands at $ 48.53 billion during this period.

Trade during the period January October 2011 i) Major items of export from India to US Select major items with their percentage shares, are given below. a) Textiles (17.5%) b) Precious stones & metals (22.7%) c) Mineral fuel, oils (10.1%) d) Pharmaceutical products (8.7%) e) Organic chemicals (5.2%) f) Machinery (4.8%) g) Electrical machinery (4%) h) Iron & Steel Products (3.4 %) ii) Major items of export from US to India Select major items with their percentage shares, are given below a) Precious stones & metals (23%) b) Machinery (13.2%) c) Mineral fuel, Oil, etc. (8.8%) d) Electrical machinery (7.1%) e) Optical instruments & equipment (5.6%) f) Organic chemicals (4.3%) g) Fertilizers (4.9%) h) Plastic (3.7%) Trends with respect to the major items of bilateral trade during the past two years are as follows.

Indias exports to US Cut and polished diamonds and jewelry is a major item of Indias exports to the US, accounting for 23.2%. Exports of this item increased from $ 4.56 billion in 2009 to $ 6.85 billion in 2010, an increase of 50.3%. Textiles exports accounted for 19.3% of Indias exports to the US in 2010. Textile exports grew from $ 4.86 billion in 2009 to reach $ 5.69 billion in 2010, an increase of 17.1%. Exports of pharmaceutical products grew from $ 1.66 billion in 2009 to $ 2.39 billion in 2010, an increase of 43.8%. Exports of mineral fuel, oil grew from $0.43 billion in 2009 to $ 2.32 billion in 2010, an increase of 437%. Exports of organic chemicals grew by 5.6% from $ 1.31 billion in 2009 to $ 1.72 billion in 2010.

US exports to India Exports of precious stones and metals which accounted for 21.9% of exports from US to India grew by 80% to reach $ 4.21 billion in 2010 from $ 2.34 billion in 2009. Machinery exports grew by 14.9% from $ 2.32 billion in 2009 to $ 2.67 billion in 2010. Exports of electrical machinery grew by 5.23% from $ 1.3 billion in 2009 to $1.37 billion in 2010. Exports of aircraft, aviation machinery and parts, fell by 43.3% to $ 1.28 billion in 2010 from $2.25 billion in 2009.

During the year 2007, the basket of US imports to India included exceptionally large imports of aircraft /parts, which resulted in a leap in the growth rate of US exports to 54.7%. With this component excluded, the growth rates of US

exports in 2007 and 2008 are 37.5% and 39.9% respectively.

Contact Details

General Fax For trade related queries Mr. Harinder Mecheri Email : 2-939-9810

202-797-4693

hmecheri@indiagov.orgTelephone

20

For all other and general queries: Attach (Commerce) E-mail Telephone Minister (Commerce) E-mail Counsellor (Commerce) E-mail : : Mr. Manjish Grover mgrover@indiagov.org 202-939-9834 Mr.Vinay Kwatra mincom@indiagov.org Dr.B.Bala Bhaskar ccom@indiagov.org

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