United States and India are the major trade partners. The USA was the second-largest export market for India at a 16% share after the European Union (17.8%) in 2018. The trade statistics show India export to USA accounts for $33.5B and imports for $53.4B.
The list of the major exports from India to USA includes medical appliances, leather, rice (basmati and non-basmati), spices, pulses, cereals, pulses, jewelry, various types of oils like castor oil, olive oil, etc. and many more. India export to USA has flourished the Indian economic growth.
USA import data contain records of all the USA imports that happened within a financial year. The data serves as a helpful tool for the USA importers to know about the importing status of their products, market competitors, new suppliers of their product in the market, etc. It contains significant data fields such as HS code, port name, buyer’s detail, date of shipment, quantity, weight, etc.
US import data reveals information about the global economies from where the USA imports its commodities/products. Some of them are China, Mexico, Canada, Japan, Germany, South Korea, etc. India is amongst the top 10 suppliers of the goods to the USA. It is the 10th largest goods supplier to the world’s largest economy USA. The major imported products include precious stones and metals, pharmaceuticals, machinery, mineral fuels, vehicles, etc.
The urge for the continuity of rich lifestyle amongst the American population have expanded the demand base promoting import activities. This provides an upper hand to the other global economies like India, Japan, South Korea, etc. to play the role of the exporters to the USA.
The on-going trade war between two major economies China and the USA has shifted the exporting opportunities from the major USA exporter China to other trading global economies specifically India. The current situation provides a major opportunity for India to increase its exports to the USA, hence supplementing for the major exports from India specifically in major agricultural products like soybeans, software, textiles, garments, gems, and jewelry, etc.
Seair Exim Solutions is one of the well-known import export data provider companies in India. It offers updated, 100% genuine, real, actual, trusted and reliable global import export trade data of more than 80 countries such as India, USA, Russia, Mexico, Indonesia, Vietnam, etc. Our major services are US import data, Indian importers data, India exporters data, import data Indonesia, Vietnam export data, Russia customs data, Mexico trade data, Kenya shipment data etc. You can find various free resources related to import export business like HS code list India, Indian HS code search, HS code finder, sac code number, sac code finder, custom import duty after GST, custom import duty India, custom duty calculator, foreign ports, trading partners of India, GST rates in India, GST rates list and many more on our website – seair.co.in.
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