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.

1. Cotton household furnishings & clothing …US$3.5 billion (16.1% of India to U.S.
exports, up 13.5% from 2005)
2. Diamonds … $3.3 billion (14.9%, up 5.8%)
3. Jewellery (e.g. watches, rings) … $2.4 billion (11.1%, up 37.4%)
4. Medicinal, dental and pharmaceutical preparations … $799.2 million (3.7%, up 47.7%)
5. Semi-finished iron & steel products … $735.3 million (3.4%, up 101.1%)
6. Non-cotton household furnishings & clothing … $668.6 million (3.1%, down 14%)
7. Textile floor coverings (e.g. rugs) … $602.5 million (2.8%, up 11.9%)
8. Industrial machinery … $431.2 million (2.0%, up 25.6%)
9. Industrial organic chemicals … $398.5 million (1.8%, up 19.9%)
10. 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.

1. Zinc … US$42.4 million (up a staggering 51,000% from 2005)

2. Sugar … $3.1 million (up 25,400%)
3. Steelmaking materials … $3.3 million (up 286%)
4. Precious metals … $12.4 million (up 226%)
5. 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.
 1. Civilian aircraft … US$1.4 billion (14.1% of India from U.S. imports, up 169.6% from
2005)
2. Diamonds … $621.2 million (6.2%, up 33%)
3. Chemical fertilizers … $608 million (6.0%, up 25.5%)
4. Telecommunications equipment … $486 million (4.8%, up 4.9%)
5. Organic chemicals … $410.4 million (4.1%, up 10.5%)
6. Other petroleum products … $336.8 million (3.3%, up 55.7%)
7. Computer accessories … $311 million (3.1%, up 19%)
8. Jewellery … $285.5 million (2.8%, up 31.5%)
9. Medicinal equipment … $259.4 million (2.6%, up 17.3%)
10. 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.

1. Military vehicles … US$11.6 million (up 232,000% from 2005)

2. Military clothing & footwear … $30.1 million (up 68,000%)
3. Collectibles (e.g. artwork, antiques, stamps) … $43.2 million (up 513.5%)
4. Engines for military aircraft … $13.1 million (up 281.9%)
5. Civilian aircraft … $1.4 billion (up 169.6%).

Read more at Suite101: Top Indian Exports & Imports: Most Popular Products Traded Between
India & America
http://internationaltrade.suite101.com/article.cfm/top_indian_exports_imports#ixzz0tNdBzIij

India's exports and imports are getting hit big time. While exports declined by 33% in March 2009 to
$11.5 billion against $17.2 billion from the same month last year, imports dipped 34% to $15.5 billion
from $23.6 billion.

With external shipments contracting for six months in a row, the country's exports aggregated $168.7
billion in 2008-09, growing marginally by 3.4% over 2007-08. Imports, which have been falling for last
three months, recorded a growth of 14.3% in 2008-09 to $287.7 billion as against $251.6 billion in 2007-
08.
Because of the sharp fall in imports, the trade deficit in March 2009 declined to $4.1 billion as against
$6.3 billion. However, during 2008-09, trade deficit increased to $119 billion from $88.5 billion in the
previous year.

Imports fell mainly due to decline in the oil import bill with falling crude prices. Oil imports bill at $3.8
billion in March fell 58%. However, during 2008-09 oil imports increased by 17% to $93.2 billion as
against $79.7 billion in 2007-08.

Because of the slowdown in the economic activities, non-oil imports also dropped by 19% in March.
However, due to sharp increase in the first nine months, non-oil imports bill in 2008-09 went up by
13.2% to $194.6 billion from $171.9 billion.

Exporters and economists feel it would take a few more months before the contraction bottoms out.
Federation of Indian Export Organisation president A Sakthivel said as inventories in Europe will be over
by August, they have started visiting India and international trade fairs for procurement.

Sakthivel said that India's exports will pick up from July onwards and may touch the $185-billion-mark in
2009-10 on the back of diversification to countries in Latin America, Africa and Asia.

However, Icrier director Rajiv Kumar said, India will be lucky if it can retain the 2008-09 level of exports.
The slowdown in the non-oil imports also not augurs well for the economy. "The fall in non-oil imports
during January-March, if concentrated in the areas of machinery, equipments and project goods, would
entail slowdown in the industrial production,'' Ficci president Harsh Pati Singhania said.