The India-US relationship or Indo-US ties have always been friendly. The two countries have a lot in common diversity, democracy, and a commitment to global peace. Their relations have improved after the 1990s. The increased bi-lateral trade and investment and co-operation between the two countries have deepened the ties. India has the 10th largest economy in the world, while the US is the largest economy in the world. The last 10 years have seen a 4-fold increase in trade and investment between the two nations. In 2019 US overtook China and emerged as India’s largest trade partner while India is the US is the 9th largest trade partner.
The total import-export between India-US is 92.08 billion USD in 2019. The total trade between the nations saw a 5% jump in 2019 when compared to the total commodity traded in 2018 when 87.9 billion dollars. India had a trade surplus of 23.3 billion USD with the US in 2019. The total goods trade between India and the US was 27.29 billion dollars in the first five months of 2020. This was down 13.98% when compared to the same period in 2019. The exports reduced by 12.3% while imports fell by 16.74% in 2020.
The India US export data shows that India exported 87.9 billion USD in 2019. The exports data shows that exports between the two countries in 2018 were 54.3 billion dollars. India was the 10th largest supplier of goods to the US. The data shows that exports from India to the US in May 2020 were 2123.62 million USD. There was a sharp fall in exports from the figures in April 2020 valued at 3322.69 million USD.
The major products exports from India to the USA are:-
The top agricultural products exported from India to the USA are:-
India's US import data shows India imported 59.92 billion USD in 2019. Oil accounted for 5.64 billion USD. After complying with US sanctions towards Iran, India imported 87% more oil from the US over 2018. India imported 33.5 billion USD in 2018, up from 7.95
The data shows that imports from the US to India in May 2020 were 1270.30 this was a marginal rise from the imports in April that was valued at 1257.23 million USD.
The major products imported from the USA to India are:-
The major agricultural products imported from the US to India are:-
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