Does India have a trade surplus?
The current account surplus stood at $6.5 billion in April-June quarter, data from the country’s central bank released earlier showed. India’s overall exports (Merchandise and Services combined) in September 2021 are estimated at $54.06 billion, seeing a growth of 21.44\% over the same period last year.
Is India in a trade surplus or deficit?
India’s trade deficit widened sharply to USD 23.3 billion in November of 2021, from USD 9.9 billion in the corresponding month of the previous year, a preliminary estimate showed.
Does the US have a surplus in the balance of trade?
In 2020, U.S. exports of services were $697.1 billion, which were the lowest since 2012. That exceeded its imports of $460.1 billion, which were the lowest since 2011. That created a trade surplus of $237.1 billion, which is the lowest since 2012.
What is the trade deficit of India with USA?
India’s exports to the US in 2020-21 were valued at $51.62 billion and imports at $28.88 billion, resulting in a trade deficit of about $23 billion for the US.
Which country has highest trade surplus with India?
United States
Largest trading partners with India
| Rank | Country | Total Trade |
|---|---|---|
| 1 | United States | 92.0 |
| 2 | China | 81.89 |
| 3 | United Arab Emirates | 59.03 |
| 4 | Saudi Arabia | 26.71 |
What is balance of trade in Indian economy?
The trade balance, also called commercial balance or balance of trade, is the difference between the value of a country’s exports and its imports over a certain timespan.
How is the balance of trade in India?
“India’s merchandise exports in September 2021 was $33.44 billion, an increase of 21.35 per cent over $27.56 billion in September 2020 and an increase of 28.51 per cent over $26.02 billion in September 2019,” it said. …
Which countries have the largest trade deficits and trade surpluses with the United States?
3,405,329
| Country | Exports | Trade Deficit |
|---|---|---|
| China | 123,676 | 343,078 |
| European Union | 276,142 | 142,059 |
| Germany | 49,363 | 73,897 |
| Japan | 66,827 | 67,117 |
What does India trade USA?
In 2019, overall U.S.-India bilateral trade in goods and services reached $149 billion. U.S. energy exports are an important area of growth in the trade relationship. In 2018 India purchased 48.2 million barrels of U.S. crude oil, a significant increase from 9.6 million in 2017.
What does US import from India?
| United States Imports from India | Value | Year |
|---|---|---|
| Pearls, precious stones, metals, coins | $8.76B | 2020 |
| Pharmaceutical products | $8.40B | 2020 |
| Machinery, nuclear reactors, boilers | $3.26B | 2020 |
| Electrical, electronic equipment | $2.98B | 2020 |
What is the trade surplus of India with the USA?
In 2010-11, India had a trade surplus of Rs 23.8 thousand crores with the USA which in dollar terms was USD 5.24 billion. The trade surplus has now increased to Rs.1.22 lakh crores in 2019-20 which in dollar terms is USD 17.27 billion. The trade surplus was the highest in 2017-18 when it was Rs. 1.37 lakh crores and USD 21.27 billion.
What is the trade balance between India and the US?
India is currently our 9th largest goods trading partner with $87.9 billion in total (two way) goods trade during 2018. Goods exports totaled $33.5 billion; goods imports totaled $54.3 billion. The U.S. goods trade deficit with India was $20.8 billion in 2018.
What is the US trade deficit with India 2019?
The U.S. goods trade deficit with India was $23.4 billion in 2019, a 11.0\% increase ($2.3 billion) over 2018. The United States has a services trade deficit of an estimated $5.4 billion with India in 2019, down 4.6\% from 2018.
What is the total amount of goods trade with India?
U.S. Goods Trade with India (in billions of dollars) 2009 2014 2015 2019 Total 37.6 66.9 66.2 92.0 Exports 16.4 21.5 21.5 34.3 Imports 21.2 45.4 44.8 57.7