Export Opportunity in US

India’s largest trading partner is the US, and it is also one of the few countries with which India had a trade surplus in 2022-23. India’s major exports to the US include gems and jewellery, pharmaceutical products, light crude oil and petroleum, electrical and electronics goods, engineering products, apparel, frozen marine products, and others.

MAJOR EXPORTED ITEMS FROM INDIA TO THE USA WITH AMOUNT & QUANTITY
India exported 7,753 commodities to the US in FY23.
India’s export to the US increased from US$ 76.17 billion in FY22 to US$ 78.54 billion in FY23.
Major exported items from India to the US include pearls, semiprecious, and precious stones (US$ 9.20 billion); followed by drug formulations and biologicals (US$ 6.77 billion, petroleum products (US$ 6.03 billion), gold and other precious metal jewellery (US$ 3.32 billion), and RMG cotton including accessories (US$ 3.12 billion), among others in FY23.
India’s export to the US stood at US$ 50.34 billion during April-November 2023.
Major exported items from India to the US include Engineering goods (US$ 11.46 billion), Gems and Jewellery (US$ 6.96 billion), Electronic goods (US$ 5.8 billion), Drugs and Pharmaceuticals (US$ 5.53 billion), Petroleum Products (US$ 4.28 billion), etc. from April-November 2023.

RECENT TRENDS & DEVELOPMENT
During FY23, India received foreign direct investment amounting to US$ 6.04 billion. With 9% of the total FDI equity inflow, the US is the third biggest source.
US Ambassador to India, Mr. Eric Garcetti called on Home Minister Amit Shah on July 11, 2023, discussed “building on the positive outcomes” of Prime Minister Mr. Narendra Modi’s visit to the US two weeks ago, the first such meeting between a US envoy and the Home Minister since 2015.

Thanks and regards
Rajesh exim international
Rajesh Sangwan
+91 8708435892
export@rajeshsangwan.com

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