India exported US$21.8 billion worth of merchandise to the United States in 2006, up 16.1% from 2005 and up 84.7% in just 4 years.
Indian imports from the U.S. rose 26.3% to $10.1 billion in 2006, up 146% since 2002.
In terms of the merchandise flow between the two countries, America’s trade deficit with India was $11.7 billion in 2006, up 52% from 2002. The U.S. trade deficit with India increased 8.5% in 2006 – down from the 14.3% deficit increase in 2005 from the year earlier.
Indian Exports to U.S.
Of the $21.8 billion in American imports from India in 2006, the following product categories had the highest values.
- Cotton household furnishings & clothing …US$3.5 billion (16.1% of India to U.S. exports, up 13.5% from 2005)
- Diamonds … $3.3 billion (14.9%, up 5.8%)
- Jewellery (e.g. watches, rings) … $2.4 billion (11.1%, up 37.4%)
- Medicinal, dental and pharmaceutical preparations … $799.2 million (3.7%, up 47.7%)
- Semi-finished iron & steel products … $735.3 million (3.4%, up 101.1%)
- Non-cotton household furnishings & clothing … $668.6 million (3.1%, down 14%)
- Textile floor coverings (e.g. rugs) … $602.5 million (2.8%, up 11.9%)
- Industrial machinery … $431.2 million (2.0%, up 25.6%)
- Industrial organic chemicals … $398.5 million (1.8%, up 19.9%)
- Generators, transformers & accessories ... $398 million (1.8%, up 144%)
Fastest-Growing Indian Exports to U.S.
Below are American imports from India in 2006 with the highest percentage sales increases from 2005.
- Zinc … US$42.4 million (up a staggering 51,000% from 2005)
- Sugar … $3.1 million (up 25,400%)
- Steelmaking materials … $3.3 million (up 286%)
- Precious metals … $12.4 million (up 226%)
- Rubber … $11.3 million (up 192%)
Indian Imports from U.S.
Of the $10.1 billion in American exports to India in 2006, the following product categories had the highest values.
- Civilian aircraft … US$1.4 billion (14.1% of India from U.S. imports, up 169.6% from 2005)
- Diamonds … $621.2 million (6.2%, up 33%)
- Chemical fertilizers … $608 million (6.0%, up 25.5%)
- Telecommunications equipment … $486 million (4.8%, up 4.9%)
- Organic chemicals … $410.4 million (4.1%, up 10.5%)
- Other petroleum products … $336.8 million (3.3%, up 55.7%)
- Computer accessories … $311 million (3.1%, up 19%)
- Jewellery … $285.5 million (2.8%, up 31.5%)
- Medicinal equipment … $259.4 million (2.6%, up 17.3%)
- Industrial machines … $251.1 million (2.5%, up 21.5%)
Fastest-Growing Indian Imports from U.S.
Below are American exports to India in 2006 with the highest percentage sales increases from 2005.
- Military vehicles … US$11.6 million (up 232,000% from 2005)
- Military clothing & footwear … $30.1 million (up 68,000%)
- Collectibles (e.g. artwork, antiques, stamps) … $43.2 million (up 513.5%)
- Engines for military aircraft … $13.1 million (up 281.9%)
- Civilian aircraft … $1.4 billion (up 169.6%).
See also:
- Indian Customs Duties on Consumer Goods Imported into India
- Top Exports Shipped to India So Far in 2010
- China's Export Advantages Versus India in Computers and Modems
- U.S. Versus India Hidden American Export Advantages.
Sources
This analysis is based on latest statistics from the US Census Bureau - Foreign Trade Statistics and CIA World Factbook as of the date of article publication.
Daniel Workman - A senior business and finance writer who also does French translations, notably international trade and insurance materials.
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