Top Trading Partners
Total Trade: $74.33 billion
|1||New York City||$23,346,442,988|
January – December 2017
Top U.S. Trading Partners
Total U.S. trade: $3.89 trillion
India’s trade rose to $74.33 billion through December
India’s trade with the United States rose 9.82 percent, from $67.69 billion to $74.33 billion when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. U.S. exports to India increased 18.5 percent while imports from India rose 5.72 percent. The U.S. deficit with India was $22.93 billion.
India ranked No. 9 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 10. India’s top U.S. Customs districts for total imports and exports were No. 1 New York City, No. 2 Los Angeles, No. 3 Atlanta/Savannah, No. 4 Houston and No. 5 Chicago compared to the last year when the top spots were held by No. 1 New York City, No. 2 Los Angeles, No. 3 Atlanta/Savannah, No. 4 Chicago and No. 5 Charleston. In the current time period, the top five accounted for 65.18 percent of India’s U.S. trade. That compares to 64.58 percent for the nation’s top five Customs districts during the same time period in the previous year.
Taking a closer look:
- Trade with No. 1 New York City rose 11.05 percent to $23.35 billion.
Exports rose 13.32 percent to $6.88 billion. Imports rose 10.13 percent to $16.47 billion.
- Trade with No. 2 Los Angeles fell 6.75 percent to $10.31 billion.
Exports fell 3.8 percent to $4.44 billion. Imports fell 8.87 percent to $5.86 billion.
- Trade with No. 3 Atlanta/Savannah rose 25.86 percent to $5.69 billion.
Exports rose 72.37 percent to $1.98 billion. Imports rose 10.01 percent to $3.71 billion.
- Trade with No. 4 Houston rose 46.52 percent to $4.85 billion.
Exports rose 41.17 percent to $2.3 billion. Imports rose 51.72 percent to $2.55 billion.
- Trade with No. 5 Chicago rose 12.25 percent to $4.25 billion.
Exports rose 20.04 percent to $1.03 billion. Imports rose 9.97 percent to $3.23 billion.
Through December, 10 Customs districts posted trade surpluses with India while 35 had deficits. That compares with 14 surpluses and 31 deficits for the same period one year ago. The top surplus was with Norfolk/Mobile/Charleston at $538.47 million, the largest deficit was with New York City at $9.58 billion.
Top Exports to India
Total YTD: $25.7 billion
|1||Diamonds, not mounted||$4,183,406,089|
|3||Civilian aircraft, parts||$1,511,195,698|
|5||Almonds, walnuts, pistachios, hazelnuts, etc.||$737,636,409|
|10||Cell phones, related equipment||$380,166,827|
January – December 2017
Top Imports from India
Total YTD: $48.63 billion
|1||Diamonds, not mounted||$8,194,418,688|
|2||Medicines in individual dosages||$5,960,443,810|
|3||Gasoline, other fuels||$2,509,108,806|
|4||Shrimp, other crustaceans||$1,976,257,210|
|5||Linens for bed, bath and kitchen||$1,881,787,103|
|7||Motor vehicle parts||$992,394,076|
|8||Women’s or girls’ suits, not knit||$528,996,428|
|9||Exports returned, without change||$524,219,880|
|10||Vegetable extracts, pectates, agar, etc.||$522,693,738|
Meanwhile, total U.S. trade with the world increased to $3.89 trillion, up 6.77 percent compared to the same period last year. The nation’s exports climbed 6.4 percent to $1.55 trillion; imports climbed 7.02 percent to $2.34 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $796.17 billion, up compared to the same period of last year when the deficit was $735.46 billion.
The top five U.S. exports to India, by value through December were the categories of Diamonds, not mounted; Gold; Civilian aircraft, parts; Coal, briquettes; and Almonds, walnuts, pistachios, hazelnuts, etc., respectively. They accounted for 38.48 percent of total exports to India.
The value of the top five categories of U.S. imports from India –– Diamonds, not mounted; Medicines in individual dosages; Gasoline, other fuels; Shrimp, other crustaceans; and Linens for bed, bath and kitchen –– accounted for 42.2 percent of all inbound shipments.
Looking more closely at U.S. exports to India:
- Diamonds, not mounted fell 13.21 percent compared to last year to $4.18 billion.
- Gold rose 37.52 percent compared to last year to $2.38 billion.
- Civilian aircraft, parts rose 56.6 percent compared to last year to $1.51 billion.
- Coal, briquettes rose 225.56 percent compared to last year to $1.07 billion.
- Almonds, walnuts, pistachios, hazelnuts, etc. rose 41.31 percent compared to last year to $737.64 million.
Looking more closely at U.S. imports from India:
- Diamonds, not mounted fell 4.98 percent compared to last year to $8.19 billion.
- Medicines in individual dosages fell 18.23 percent compared to last year to $5.96 billion.
- Gasoline, other fuels rose 6.6 percent compared to last year to $2.51 billion.
- Shrimp, other crustaceans rose 41.55 percent compared to last year to $1.98 billion.
- Linens for bed, bath and kitchen rose 4.06 percent compared to last year to $1.88 billion.
In the latest annual figures available, India recorded $67.69 billion in trade with the United States. At year’s end, its top five Customs districts were New York City; Los Angeles; Atlanta/Savannah; Chicago; and Charleston. Total U.S. exports to India were $ 21.69 billion and imports from India were $46 billion. The U.S. deficit with India was $24.31 billion.