The relationships between India and the United States exemplify the strength of international commercial links. As two economic powerhouses, exchanging goods is critical to strengthening this relationship. While diamonds may top the list, India's export basket to the United States demonstrates depth and dynamism beyond precious trade relationships. So, let's look into the top export products from India to the USA, exploring the market trends and significance behind each:
The US emerges as India's biggest trading partner
According to India Import and Export Data, bilateral trade between India and the United States expanded by 7.65 percent in 2022-23, reaching $128.55 billion from $119.5 billion in 2021-22. In FY23, commerce between India and the United States reached a record of $128.78 billion, up from $119.48 billion in FY22.
According to Indian Import Data, imports climbed by about 16% to $50.24 billion, while exports to the United States increased by 2.81 percent to $78.31 billion in 2022-23, up from $76.18 billion in 2021-22. India's bilateral trade with China decreased by approximately 1.5%, from $115.42 billion in 2021-2022 to $113.83 billion in 2022-2023.
In 2022-2023, exports to China declined by roughly 28% to $15.32 billion, while imports climbed by 4.16 percent to $98.51 billion. Based on import and export data, the trade deficit climbed from $72.91 billion in 2021-2022 to $83.2 billion in the most recent fiscal year.
Export products from India: A Guide for Traders
Undoubtedly, India is one of the world's major exporters in various product categories. However, India is ranked as a top exporter globally since it exports various goods and services internationally. The discussion is focused on identifying export products from India and their destinations, as well as a list of products exported from India.
Within the Indian economy, the export market has bolstered its growth, contributing approximately 4% of GDP. Exports play an important role in every country's business since expanding made-in-country commodities in almost all countries yields high returns, which benefits manufacturers. Let's explore the products exports from India.
Top Export Products from India to USA
Exports have contributed to the growth of the Indian economy. Major products exported from India include medical gadgets, leather, textiles, etc. According to Indian export data, the United States is the leading market for Indian goods. These are the top 5 export products from India to USA:
- Diamonds ($10.2 billion): India's expertise in cutting and polishing diamonds is world-renowned, and the United States, a country enamored with these emblems of love and luxury, becomes an obvious destination. From raw stones to sparkling jewels, this industry employs millions of people and contributes significantly to major export products from India to USA.
- Medical appliances and accessories ($7.44 billion): Indian medical appliances are world-renowned products exported in higher quality and diversity to global markets. Medicine is one of India's top exports to the United States. Surgical disposables, surgical face masks, bandages, absorbent gauze, surgical caps, crepe, sterile gloves, and other products are commonly used.
- Jewellery ($3.6 billion): Beyond diamonds, India's complex gold and silver jewellery, sometimes adorned with cultural motifs, has a devoted following in the United States. This export category personifies India's rich tradition and artistry, captivating the hearts of fashion-conscious customers. Titan Company, Gitanjali Gems, and PC Jeweller are among the category's major exporters. The cultural significance of Indian jewellery and exceptional craftsmanship ensure a consistent flow of export products from India to USA.
- Agricultural products ($450 million): Agriculture product exports from India are also a heavily exported range of items since India's climate conditions and geographical position make it easy for all sorts of flora to thrive on the land. Fruits, vegetables, and spices worth $450 million give an exotic flavor to American kitchens, reflecting India's vast agricultural terrain. These exports not only help to ensure food security but also foster cultural interaction through culinary delights.
- Refined Petroleum ($4.9 billion): While diamonds and spices attract, India's $4.9 billion in refined petroleum exports to the United States drive a deeper, more strategic alliance between the two countries. As the world's second-largest refining hub, India is critical to satisfying the United States' demand for basic petroleum products such as petrol, diesel, and jet fuel. This trade relationship goes beyond basic economics.
- Rice ($1 billion): India, one of the world's largest rice producers, is meeting the growing demand for this versatile grain in the United States. This export assures food security and improves cultural relations, as rice is an essential component of both Indian and American diets. As per Indian export data, India exports considerable rice in different varieties to the United States.
Basmati: Various basmati rice, primarily Royal Shef Secret, Dawat Super, and Traditional Basmati, are shipped to the United States.
Non-Basmati: An equal quantity of non-basmati rice is exported to the United States, the majority of which is Sona Masoori Rice, Indian short grain and long grain non-basmati rice
- Textiles and Apparel ($750 million): India is a global textile and garment production hub, and the United States is a significant market for Indian textiles. From traditional handwoven fabrics to trendy apparel, India caters to various client tastes. Companies such as Aditya Birla Fashion & Retail, Raymond, and Arvind Limited play an important role in textile and garment exports to the US. The popularity of Indian ethnic clothing, together with the growing trend of sustainable and organic fabrics, contributes to major export products from India.
- Automotive Components ($800 million): India has become a significant exporter of automotive components to the USA, supplying a wide range of products, including engine parts, transmission components, and electrical systems. Leading companies like Bharat Forge, Motherson Sumi Systems, and Bosch India are instrumental in providing high-quality automotive components to the American automotive industry. Competitive pricing and adherence to international quality standards contribute to the top export products from India to USA.
- Chemicals and Petrochemicals ($600 million): India contributes 15% of overall textile exports due to its large market. Chemical products, including organic and inorganic chemicals, plastics, and specialty chemicals, are prominent in bilateral trade. Major players such as Reliance Industries, Indian Oil Corporation, and Tata Chemicals play a crucial role in meeting the demand for these products in the USA. The emphasis on quality, innovation, and sustainability drives the success of major export products from India to USA.
- Machinery ($550 million): As India's technical expertise grows, its $550 million in machinery exports to the United States reflect increased technological prowess and international collaboration. India's technical solutions, ranging from agricultural machinery to construction equipment, are rapidly being exported worldwide.
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In Conclusion, India's exports to the United States include various products, demonstrating the depth and breadth of the two countries' economic connection. From machinery and medicines to jewellery, textiles, and automotive components, India's contributions are critical to the success of the American economy.
However, if you have any queries related to the export products from India to USA, connect with our dedicated experts. Eximpedia is the best export import data provider globally. So, let's look at a sample of USA importer data to understand the import data fields covered in our market analysis. So why wait? Schedule a free live demo today!
Frequently Asked Questions
Q1. What does US import from India?
There are several commodities exported from India to the USA. Some of the top imported commodities are:
Diamonds: ($10.2 billion)
Medical appliances and accessories: $7.44 billion
Jewellery: ($3.6 billion)
Agricultural products: ($450 million)
Refined Petroleum:($4.9 billion)
Q2. Who is India's biggest trade partner?
The United States is India's biggest trading partner, with bilateral trade totaling about $100 billion as of October of this year.
Q3. High Demanding exports from India to USA
Traditional exports like textiles and spices remain in great demand, which has led to an increase in India's export sector.
Q4. What are the best products to export to the USA from India?
Some of the best items successfully exported from India to the USA include spices, rice, tree nuts, essential oils, and processed fruits.
Q5. Top 10 items exported from India to USA
According to Indian export data, the United States is the biggest market for Indian goods. These are the top 10 export products from India to USA:
Diamonds: ($10.2 billion)
Medical appliances and accessories: ($7.44 billion)
Jewellery: ($3.6 billion)
Agricultural products: ($450 million)
Refined Petroleum: ($4.9 billion)
Rice: ($1 billion)
Textiles and Apparel: ($750 million)
Automotive Components: ($800 million)
Chemicals and Petrochemicals: ($600 million)
Machinery: ($550 million)
