|2||Diamonds, not mounted||$1.87 B|
|3||Civilian aircraft, parts||$1.06 B|
|4||LNG, other petroleum gases||$610.12 M|
|5||Coal, briquettes||$609.99 M|
|7||Almonds, walnuts, pistachios, hazelnuts, etc.||$485.18 M|
|8||Acyclic hydrocarbons||$405.06 M|
|9||Satellites, related equipment||$306.04 M|
|10||Cell phones, related equipment||$282.74 M|
|1||Medicines in individual dosages||$5.2 B|
|2||Diamonds, not mounted||$3.07 B|
|3||Gasoline, other fuels||$1.33 B|
|4||Shrimp, other crustaceans||$1.21 B|
|5||Linens for bed, bath and kitchen||$979.59 M|
|6||Jewelry, parts||$655.47 M|
|7||Motor vehicle parts||$574.31 M|
|8||Passenger vehicles||$534.82 M|
|9||Cell phones, related equipment||$530.76 M|
|10||Women's or girls' suits, not knit||$377.33 M|
U.S. trade with India rose to $48.17 billion through August
India’s trade with the United States rose to $48.17 billion through the first eight months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 23.16 percent below its total trade during the same time period last year. U.S. exports to India decreased 27.07 percent while U.S. imports from India fell 20.82 percent. The U.S. deficit with India was $13.92 billion.
Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 John F. Kennedy International Airport; No. 3 Port of Savannah, Ga.; No. 4 Port of Houston; and No. 5 Port of Virginia. During the same period the previous year, the top five were No. 1 Port of Newark; No. 2 John F. Kennedy International Airport; No. 3 Los Angeles International Airport; No. 4 Port of Houston and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 48.04 percent of India’s U.S. trade.
Among those top five:
- Trade with No. 1 Port of Newark fell 18.24 percent to $7.52 billion.
Exports fell 40.92 percent to $249.04 million. Imports fell 17.15 percent to $7.27 billion.
- Trade with No. 2 John F. Kennedy International Airport fell 12.63 percent to $6.69 billion.
Exports rose 21.99 percent to $2.51 billion. Imports fell 25.36 percent to $4.18 billion.
- Trade with No. 3 Port of Savannah, Ga. fell 8.94 percent to $3.41 billion.
Exports fell 33.34 percent to $500.02 million. Imports fell 2.83 percent to $2.91 billion.
- Trade with No. 4 Port of Houston fell 38.37 percent to $2.91 billion.
Exports fell 42.63 percent to $1.45 billion. Imports fell 33.46 percent to $1.46 billion.
- Trade with No. 5 Port of Virginia fell 21.99 percent to $2.6 billion.
Exports fell 29.53 percent to $512.83 million. Imports fell 19.88 percent to $2.09 billion.
India ranked No. 12 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 9.
Meanwhile, total U.S. trade with the world increased to $2.4 trillion, down 13.21 percent compared to the same period last year. The nation’s exports dropped 16.18 percent to $917.89 billion; imports dropped 11.26 percent to $1.48 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $564.57 billion, down compared to the same period of last year when the deficit was $575.47 billion.
The top five U.S. exports to India by value through August were the categories of Oil; Diamonds, not mounted; Civilian aircraft, parts; LNG, other petroleum gases; and Coal, briquettes, respectively. They accounted for 38.31 percent of total exports to India.
The value of the top five categories of U.S. imports from India –– Medicines in individual dosages; Diamonds, not mounted; Gasoline, other fuels; Shrimp, other crustaceans; and Linens for bed, bath and kitchen –– accounted for 38.01 percent of all inbound shipments.
Looking more closely at U.S. exports to India:
- Oil fell 37.41 percent compared to last year to $2.41 billion.
- Diamonds, not mounted fell 40.87 percent compared to last year to $1.87 billion.
- Civilian aircraft, parts rose 20.56 percent compared to last year to $1.06 billion.
- LNG, other petroleum gases rose 45.8 percent compared to last year to $610.12 million.
- Coal, briquettes fell 35.77 percent compared to last year to $609.99 million.
Looking more closely at U.S. imports from India:
- Medicines in individual dosages rose 3.41 percent compared to last year to $5.2 billion.
- Diamonds, not mounted fell 46.01 percent compared to last year to $3.07 billion.
- Gasoline, other fuels fell 52.3 percent compared to last year to $1.33 billion.
- Shrimp, other crustaceans fell 4 percent compared to last year to $1.21 billion.
- Linens for bed, bath and kitchen fell 20.72 percent compared to last year to $979.59 million.
In the latest annual figures available, India recorded $92.08 billion in trade with the United States. Total U.S. exports to India were $ 34.41 billion and imports from India were $57.67 billion. The U.S. deficit with India was $23.26 billion.