India–US Trade
- In 2024, total India–US bilateral trade (goods + services) was about $212.4 billion.
- India’s goods exports to the US were approximately $87.3 billion.
- US goods exports to India were around $41.5 billion.
- Total goods trade between the two countries reached about $128.9 billion.
- The US recorded a goods trade deficit of roughly $45.8 billion with India.
- Total services trade between the two nations was about $83.4 billion.
- US services exports to India: $41.8 billion; services imports from India: $41.6 billion — almost balanced.
- The US remains India’s largest trading partner, with deep cooperation in trade, defence, energy, and technology.
What India Trades with the US (India → US Exports)
- Pharmaceuticals (medicines, generics)
- Gems & Jewellery (diamonds, gold jewellery)
- Engineering goods (steel products, machinery)
- Textiles & Apparel (garments, home textiles)
- Electronics (smartphones, parts)
- Automobile components
- Petroleum products
- IT services & software exports
- Chemical products
What the US Trades with India?
- Crude oil & LNG (energy imports to India)
- Aerospace products (aircraft and parts)
- Defence equipment
- Electrical machinery & microchips
- Medical equipment
- Chemicals & fertilizers
- Agricultural goods (almonds, apples, pulses)
- Education & professional services
- High-end technology services