India

India ranked No. 13 in total trade value through May with a total of $30.68 billion. Exports totaled $11.27 billion and Imports totaled $19.41 billion, a deficit of $8.14 billion.

U.S. trade with India rose to $27.29 billion through May

India’s trade with the United States rose to $27.29 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 13.98 percent below its total trade during the same time period last year. U.S. exports to India decreased 16.74 percent while U.S. imports from India fell 12.3 percent. The U.S. deficit with India was $7.28 billion.

Through May, 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 45.59 percent of India’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 22.7 percent to $4.54 billion.
    Exports fell 38.86 percent to $163.56 million. Imports fell 21.93 percent to $4.38 billion.
  • Trade with No. 2 John F. Kennedy International Airport fell 27.44 percent to $3.54 billion.
    Exports fell 1.97 percent to $1.24 billion. Imports fell 36.38 percent to $2.3 billion.
  • Trade with No. 3 Port of Savannah, Ga. fell 6.2 percent to $2.23 billion.
    Exports fell 31.8 percent to $331.25 million. Imports rose 0.35 percent to $1.9 billion.
  • Trade with No. 4 Port of Houston fell 37.57 percent to $1.97 billion.
    Exports fell 43.86 percent to $933.31 million. Imports fell 30.53 percent to $1.03 billion.
  • Trade with No. 5 Port of Virginia fell 18.21 percent to $1.7 billion.
    Exports fell 17.97 percent to $368.68 million. Imports fell 18.27 percent to $1.34 billion.

India ranked No. 13 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 $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to India by value through May were the categories of Oil; Diamonds, not mounted; Civilian aircraft, parts; Coal, briquettes; and LNG, other petroleum gases, respectively. They accounted for 39.71 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 36.23 percent of all inbound shipments.

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

  • Oil fell 38.48 percent compared to last year to $1.63 billion.
  • Diamonds, not mounted fell 44.11 percent compared to last year to $1.16 billion.
  • Civilian aircraft, parts rose 62.19 percent compared to last year to $813.81 million.
  • Coal, briquettes fell 32.03 percent compared to last year to $489.47 million.
  • LNG, other petroleum gases rose 9.52 percent compared to last year to $379.01 million.

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

  • Medicines in individual dosages fell 3.96 percent compared to last year to $3.08 billion.
  • Diamonds, not mounted fell 52.71 percent compared to last year to $1.82 billion.
  • Gasoline, other fuels fell 61.2 percent compared to last year to $757.58 million.
  • Shrimp, other crustaceans rose 5.6 percent compared to last year to $733.17 million.
  • Linens for bed, bath and kitchen fell 18.15 percent compared to last year to $630.33 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.