India
U.S. Trade with India in 2022
Export Market Rank
#14 Among U.S. Agricultural Export Markets
Total Export Value
$2.34 Billion
3-Year Average
$2 Billion
Compound Average Growth
9.2% (2013-2022)
Total Export Value 2013 - 2022
Export Value by Commodity 2022
Top 10 Exports to India in 2022
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Tree Nuts | $1 Billion | 245,977 | $699.32 Million | 171% |
| Cotton | $491.69 Million | 142,031 | $274.74 Million | 446% |
| Soybean Oil | $207.63 Million | 133,057 | $35.42 Million | 633% |
| Ethanol (non-bev.) | $175.94 Million | --- | $191.53 Million | 302% |
| Forest Products | $81.31 Million | --- | $48.78 Million | 80% |
| Other Intermediate Products | $56.58 Million | 13,669 | $45 Million | 31% |
| Essential Oils | $45.72 Million | 1,626 | $27.44 Million | 171% |
| Dairy Products | $39.42 Million | 8,839 | $33.69 Million | 84% |
| Fish and Seafood | $38.33 Million | 4,193 | $32.97 Million | 196% |
| Other Feeds, Meals & Fodders | $29.84 Million | 7,692 | $17.05 Million | 140% |
Data and Analysis
Planting of India’s rabi season (i.e., winter sown, spring harvested) crops is progressing somewhat slower than anticipated due to relatively dry soil moisture conditions.
India remains undecided on genetically engineered (GE) crops and products derived from biotechnology (biotech) for food and feed use.
FAS New Delhi’s forecast for India’s soybean oilseed production for marketing year (MY) 2023/24 is revised to 12 million metric tons (MMT), slightly lower than the MY 2022/23 at 12.4 MMT which accounts for the impact of the El Nino weather pattern.
News and Features
News Release
USDA Announces Planned Trade Missions for 2024, Shares Next Steps for Regional Agricultural Promotion Program
Agriculture Secretary Tom Vilsack today announced next steps in the U.S. Department of Agriculture’s efforts to bolster U.S. agricultural trade, including the department’s planned trade missions for 2024 and the opening of a public comment period for the new Regional Agricultural Promotion Program (RAPP). These efforts will help to support further growth in U.S. agricultural exports and introduce high-quality U.S. agricultural products to new markets.
India has agreed to reduce tariffs on its imports of U.S. turkey, duck, cranberries and blueberries, creating new market opportunities for U.S. producers and exporters in the world’s most populous nation.
News Release
Statement by Secretary Vilsack Regarding India’s Reduction in Retaliatory Tariffs on Agricultural Products
Secretary Tom Vilsack issued a statement regarding the Office of the U.S. Trade Representative’s announcement that India will remove retaliatory tariffs on certain agriculture products, restoring and expanding significant market opportunities for U.S. farmers.