India-US Bilateral Trade
Scale and Structure
The United States is India's largest trading partner. Bilateral goods trade reached approximately $129.2 billion in 2024, with the US recording a trade deficit of about $45.7 billion with India — a persistent imbalance that has been a central point of friction in negotiations under the Trump administration. India's top exports to the US include pharmaceuticals, IT services, textiles and apparel, machinery, and gems and jewellery. US exports to India are dominated by aircraft, defence equipment, energy products, and semiconductors.
- US–India bilateral goods trade (2024): ~$129.2 billion
- US trade deficit with India (2024): ~$45.7 billion
- India's top exports to US: pharmaceuticals, IT/software, textiles, gems & jewellery, engineering goods
- US top exports to India: aircraft, defence equipment, oil and LNG, semiconductor chips
- India is the US's 9th largest goods trading partner
- US is India's largest goods export destination (larger than UAE or China)
● Tracked since February 02, 2026 · last seen June 22, 2026 · updates as the daily brief publishes
International Relations
Section 122 of the Trade Act of 1974
International Relations
Types of Trade Agreements
International Relations
India's Agricultural Trade Policy
International Relations
India's Trade Negotiation Architecture
Economy
Balance of Payments
International Relations
India-US Trade Deal
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