h) Electrical Machinery (3.4%)
ii) Major items of export from US to India
Select major items with their percentage shares, are given below
a) Precious stones & metals (28.2%)
b) Machinery (12.8%)
c) Optical instruments & equipment (6.3%)
d) Electrical machinery (6.2%)
e) Mineral Fuel, Oil etc (5.6)
f) Aircraft, spacecraft, Parts (5.4%)
g) Organic chemicals (4.4%)
h) Miscellaneous Chemical Products (4.0%)
Trends with respect to the major items of bilateral trade during the past two years are as follows.
India’s exports to US
· Cut and polished diamonds and jewelry is a major item of India’s exports to the US, accounting for 17.7%. Exports of this item fell from $ 8.01 billion in 2011 to $ 7.16 billion in 2012, a decrease of 10.6%.
· Textiles exports accounted for 15.3% of India’s exports to the US in 2012. Textile exports fell from $ 6.28 billion in 2011 to $ 6.20 billion in 2012, a decrease of 1.29%.
· Exports of pharmaceutical products grew from $ 3.21 billion in 2011 to $ 4.23 billion in 2012, an increase of 31.5%.
· Exports of Lac, Gums, and resins grew by 240% from $1.04billion to $ 3.52 billion in 2012.
· Exports of mineral fuel, oil grew from $ 3.19 billion in 2011 to $ 3.26 billion in 2012, an increase of 2.3%.
· Exports of organic chemicals grew by 9.9% from $ 1.98 billion in 2011 to $ 2.18 billion in 2012.
US exports to India
· Exports of precious stones and metals which accounted for 26.1% of exports from US to India grew by 26.3% to reach $ 5.84 billion in 2012 from $ 4.62 billion in 2011.
· Machinery exports fell by 8.7% from $ 2.91 billion in 2011 to $ 2.66 billion in 2012.
· Exports of electrical machinery fell by 8.1% from $ 1.53 billion in 2011 to $1.41 billion in 2012.
· Exports of Optical, Photo, Surgical instruments grew by 16.4% from $ 1.18 billion to $ 1.38 billion in 2012.
· Exports of aircraft, aviation machinery and parts, grew by 78.3% to $ 1.37 billion in 2012 from $0.77 billion in 2011.
During the year 2007, the basket of US imports to India included exceptionally large imports of aircraft /parts, which resulted in a leap in the growth rate of US exports to 54.7%. With this component excluded, the growth rates of US exports in 2007 and 2008 are 37.5% and 39.9% respectively.
Contact Details
General Fax : 415-668-2057
For all other trade general related queries
Mr. Purshottam Bhatnagar
Email : com[at]cgisf[dot]org
Telephone : 415-668-0662 x 162
______________________________________________________
Consul (Commerce) : Dr. K.J. Srinivasa
E-mail : sfcpic[at]cgisf[dot]org
