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Trade between India and the United States

In 2024, India exported $88.8 billion to the United States and imported $38.7 billion. India ran a surplus of $50.1 billion with the United States, compared with a surplus of $25 billion in 2019. The United States was India’s 2nd largest trading partner (11% of its trade), and India was the United States’ 10th (3%).

Summary

India → United States
$88.8billion
United States → India
$38.7billion
India’s balance
$50.1billion

Balance

India’s trade balance with the United States

Trade between India and the United States grew 13-fold since 1995

USD billions (current). India’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 88.8
  • Imports 38.7
  • Balance +50.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$6.1 billion$3.6 billion$2.5 billion
1996$7 billion$3.5 billion$3.5 billion
1997$8 billion$3.6 billion$4.3 billion
1998$8.8 billion$3.8 billion$5.1 billion
1999$9.8 billion$4.5 billion$5.4 billion
2000$10.8 billion$3.1 billion$7.7 billion
2001$9.8 billion$3.5 billion$6.3 billion
2002$12.6 billion$4.1 billion$8.5 billion
2003$13.7 billion$5.2 billion$8.4 billion
2004$16.6 billion$6.1 billion$10.5 billion
2005$20.1 billion$8.5 billion$11.6 billion
2006$22.8 billion$12.4 billion$10.4 billion
2007$25.1 billion$14.9 billion$10.2 billion
2008$26.6 billion$18.4 billion$8.1 billion
2009$22.1 billion$15.3 billion$6.8 billion
2010$29.8 billion$17.2 billion$12.6 billion
2011$38.2 billion$20.5 billion$17.8 billion
2012$42 billion$21.8 billion$20.2 billion
2013$43.3 billion$19.8 billion$23.5 billion
2014$46.7 billion$20.1 billion$26.6 billion
2015$45.9 billion$20.3 billion$25.6 billion
2016$47.3 billion$20.1 billion$27.3 billion
2017$50.1 billion$23.3 billion$26.8 billion
2018$55.7 billion$31 billion$24.7 billion
2019$58.5 billion$33.6 billion$25 billion
2020$53.1 billion$26.7 billion$26.4 billion
2021$75.9 billion$41.1 billion$34.8 billion
2022$88.5 billion$50.9 billion$37.6 billion
2023$85 billion$41.3 billion$43.7 billion
2024$88.8 billion$38.7 billion$50.1 billion

What they sell each other

What India sells to the United States

The top 10 headings in 2024, with their share of the total.

  1. Medicines in measured doses or retail packs$12 billion · 13.5%
    132 thousand tonnes · India’s destinations
  2. Cameras and broadcast equipment$8.7 billion · 9.8%
    12 thousand tonnes
  3. Diamonds$6.7 billion · 7.6%
    1 tonne · India’s destinations
  4. Jewelry$3.5 billion · 3.9%
    159 tonnes · India’s destinations
  5. Refined petroleum$3.3 billion · 3.7%
    4.6 million tonnes · India’s destinations
  6. Auto parts$2.1 billion · 2.4%
    241 thousand tonnes · India’s destinations
  7. Crustaceans (shrimp, lobster, crab)$1.9 billion · 2.1%
    247 thousand tonnes
  8. Diodes, transistors and solar cells$1.7 billion · 1.9%
    529 thousand tonnes
  9. Bed, table and kitchen linen$1.6 billion · 1.8%
    189 thousand tonnes
  10. Transmission shafts, gears and gearboxes$1.2 billion · 1.3%
    86 thousand tonnes

What the United States sells to India

The top 10 headings in 2024, with their share of the total.

  1. Crude petroleum$4.1 billion · 10.7%
    7.5 million tonnes · the United States’ destinations
  2. Coal$3.7 billion · 9.5%
    21.4 million tonnes · the United States’ destinations
  3. Natural gas and LPG$2.5 billion · 6.5%
    4.9 million tonnes
  4. Turbojets and gas turbines$2.3 billion · 5.8%
    1 thousand tonnes · the United States’ destinations
  5. Gold$1.5 billion · 4%
    23 tonnes · the United States’ destinations
  6. Other nuts (almonds, walnuts)$1.1 billion · 2.9%
    283 thousand tonnes
  7. Petroleum coke and bitumen$972 million · 2.5%
    8.2 million tonnes
  8. Aluminum scrap$848 million · 2.2%
    420 thousand tonnes
  9. Coal tar oils$827 million · 2.1%
    1.3 million tonnes
  10. Ferrous scrap$779 million · 2%
    1.4 million tonnes · the United States’ destinations

How it travels

Estimated sea route from Nhava Sheva (Mumbai) to Los Angeles.

The estimated sea route between Nhava Sheva (Mumbai) and Los Angeles is 10,507 nautical miles (19,459 km) long: ≈ 24.5–31.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Malacca and Singapore.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$75.3 billion · 59%
  2. Air$52.3 billion · 41%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

The United States was India’s 2nd largest trading partner (11% of its trade), and India was the United States’ 10th (3%).

The United States in India’s trade
11.1%
The United States’ rank among India’s partners
2nd
India in the United States’ trade
2.5%
India’s rank among the United States’ partners
10th

Compare with

Other partners of India

Other partners of the United States

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.