India

India ranked No. 9 in total trade value in 2019 with a total of $92.08 billion. Exports totaled $34.41 billion and Imports totaled $57.67 billion, a deficit of $23.26 billion.

U.S. trade with India rose to $92.08 billion in 2019

India’s trade with the United States rose to $92.08 billion in 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.2 percent above its total trade of 2018. U.S. exports to India increased 3.89 percent while U.S. imports from India rose 5.99 percent. The U.S. deficit with India was $23.26 billion.

Through December 2019, 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 Los Angeles International Airport; No. 4 Port of Houston; and No. 5 Port of Savannah, Ga.. In 2018, 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 2019, the top five accounted for 49.04 percent of India’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 2.78 percent to $13.51 billion.
    Exports fell 22.79 percent to $586.04 million. Imports rose 4.34 percent to $12.92 billion.
  • Trade with No. 2 John F. Kennedy International Airport fell 11.17 percent to $11.56 billion.
    Exports fell 31.06 percent to $3.06 billion. Imports fell 0.89 percent to $8.5 billion.
  • Trade with No. 3 Los Angeles International Airport fell 8.18 percent to $7.8 billion.
    Exports fell 8.88 percent to $3.93 billion. Imports fell 7.47 percent to $3.88 billion.
  • Trade with No. 4 Port of Houston rose 33.56 percent to $6.71 billion.
    Exports rose 64.21 percent to $3.59 billion. Imports rose 9.93 percent to $3.12 billion.
  • Trade with No. 5 Port of Savannah, Ga. rose 12.31 percent to $5.56 billion.
    Exports rose 18.7 percent to $1.03 billion. Imports rose 10.95 percent to $4.53 billion.

India ranked No. 9 among the United States’ top trade partners in 2019. In 2018, it ranked No. 9.

Meanwhile, total U.S. trade with the world decreased to $4.14 trillion, down 1.37 percent compared to 2018. The nation’s exports dropped 1.13 percent to $1.65 trillion; imports dropped 1.53 percent to $2.5 trillion. The nation’s top five countries for 2019, by value, were Mexico; Canada; China; Japan and Germany. The overall trade deficit was $853.23 billion, down compared to 2018 when the deficit was $873.19 billion.

The top five U.S. exports to India by value through December 2019 were the categories of Oil; Diamonds, not mounted; Gold; Civilian aircraft, parts; and Coal, briquettes, respectively. They accounted for 41.14 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 Jewelry, parts –– accounted for 39.89 percent of all inbound shipments.

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

  • Oil rose 87 percent compared to last year to $5.64 billion.
  • Diamonds, not mounted fell 16.64 percent compared to last year to $4.37 billion.
  • Gold fell 22.56 percent compared to last year to $1.51 billion.
  • Civilian aircraft, parts fell 46.89 percent compared to last year to $1.4 billion.
  • Coal, briquettes fell 25.91 percent compared to last year to $1.23 billion.

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

  • Diamonds, not mounted fell 12.23 percent compared to last year to $7.98 billion.
  • Medicines in individual dosages rose 20.85 percent compared to last year to $7.41 billion.
  • Gasoline, other fuels rose 19.97 percent compared to last year to $3.52 billion.
  • Shrimp, other crustaceans rose 7.55 percent compared to last year to $2.14 billion.
  • Jewelry, parts rose 6.86 percent compared to last year to $1.95 billion.

In 2018 annual figures available, India recorded $87.53 billion in trade with the United States. Total U.S. exports to India were $33.12 billion and imports from India were $54.41 billion. The U.S. deficit with India was $21.29 billion.