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India

India ranked No. 9 in total trade value through May with a total of $35.11 billion. Exports totaled $12.48 billion and Imports totaled $22.64 billion, a deficit of $10.16 billion.

January – May 2018

Top Trading Ports

Total Trade: $35.11 billion

Rank Port Total YTD
1 John F. Kennedy International Airport $5,615,805,461
2 Port of Newark $5,370,182,878
3 Los Angeles International Airport $3,812,200,239
4 Port of Savannah, Ga. $2,102,458,615
5 Port of Houston $1,864,581,428
6 Port of Virginia $1,801,647,049
7 Port of Los Angeles $1,498,993,706
8 Port of Charleston $1,398,217,778
9 Chicago O’Hare International Airport $1,216,059,967
10 Port of New York $933,240,979

U.S. trade with India rose to $35.11 billion through May

India’s trade with the United States rose to $35.11 billion through the first five months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 19.34 percent above its total trade during the same time period last year. India’s exports increased 27.94 percent while imports rose 15.08 percent. The U.S. deficit with India was $10.16 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Newark; No. 3 Los Angeles International Airport; No. 4 Port of Savannah, Ga.; and No. 5 Port of Houston. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Port of Newark No. 3 Los Angeles International Airport No. 4 Port of Savannah, Ga. and No. 5 Port of Houston. In the current time period, the top five accounted for 53.44 percent of India’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 6.7 percent to $5.62 billion.
    Exports fell 11.64 percent to $2.03 billion. Imports fell 3.65 percent to $3.59 billion.
  • Trade with No. 2 Port of Newark rose 28.47 percent to $5.37 billion.
    Exports rose 13.13 percent to $233.97 million. Imports rose 29.26 percent to $5.14 billion.
  • Trade with No. 3 Los Angeles International Airport rose 40.79 percent to $3.81 billion.
    Exports rose 46.32 percent to $1.85 billion. Imports rose 35.96 percent to $1.97 billion.
  • Trade with No. 4 Port of Savannah, Ga. rose 11.71 percent to $2.1 billion.
    Exports fell 3.17 percent to $347.71 million. Imports rose 15.22 percent to $1.75 billion.
  • Trade with No. 5 Port of Houston rose 13.96 percent to $1.86 billion.
    Exports rose 8.19 percent to $752.56 million. Imports rose 18.23 percent to $1.11 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.

Meanwhile, total U.S. trade with the world increased to $1.71 trillion, up 9.27 percent compared to the same period last year. The nation’s exports climbed 9.66 percent to $684.76 billion; imports climbed 9.01 percent to $1.02 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 $336.38 billion, up compared to the same period of last year when the deficit was $312.27 billion.

The top five U.S. exports to India by value through May were the categories of Diamonds, not mounted; Civilian aircraft, parts; Gold; Coal, briquettes; and Oil, respectively. They accounted for 41.98 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; Linens for bed, bath and kitchen; and Shrimp, other crustaceans –– accounted for 40.82 percent of all inbound shipments.

Looking more closely at U.S. exports to India:

  • Diamonds, not mounted rose 43.46 percent compared to last year to $2.15 billion.
  • Civilian aircraft, parts rose 91.8 percent compared to last year to $969.92 million.
  • Gold fell 30.68 percent compared to last year to $841.21 million.
  • Coal, briquettes rose 101.37 percent compared to last year to $798.61 million.
  • Oil rose 553.94 percent compared to last year to $473.66 million.

Looking more closely at U.S. imports from India:

  • Diamonds, not mounted rose 14.79 percent compared to last year to $4 billion.
  • Medicines in individual dosages rose 2.86 percent compared to last year to $2.55 billion.
  • Gasoline, other fuels rose 10.41 percent compared to last year to $1.19 billion.
  • Linens for bed, bath and kitchen fell 7.16 percent compared to last year to $775.58 million.
  • Shrimp, other crustaceans rose 18.84 percent compared to last year to $714.47 million.

In the latest annual figures available, India recorded $74.33 billion in trade with the United States. At year’s end, its were New York City; Los Angeles; Atlanta/Savannah; Houston; and Chicago. Total U.S. exports to India were $ 25.7 billion and imports from India were $48.63 billion. The U.S. deficit with India was $22.93 billion.