WASHINGTON: The United States imported from India goods and services worth more than $11 billion in the first three months of the year, a $400 million increase from the corresponding period last year. Similarly, the American exports to India also increased in the first quarter of the year by nearly $335 million, compared to the same period in 2014, the trade figures released by the U.S. Commerce Department reveals.
U.S. imports from India in March totaled nearly $4.1 billion, while its imports stood at close to $1.8 billion. India was America’s 9th largest trading partner in the first quarter, with the bilateral trade accounting for 1.8 percent of the overall US international trade.
Canada (15.8 percent), China (15.2 percent) and Mexico (13.9 percent) are the three largest trading partners of the United States. So far in 2015, the U.S. has exported almost $5 billion worth of goods while importing about $11 billion, putting the United States in a deficit of just over $6 billion. January accounted for $1.5 billion in exports, February accounted for about $1.7 billion, and March totaled approximately $1.8 billion. 2015 has seen $3.6 billion imported in January, $3.3 billion in February, with a jump to about $4.1 billion in March. The U.S. trade deficits for each month of 2015 in corresponding order are approximately $2.1 billion, $1.6 billion, and $2.3 billion.
