INDIA-US TRADE : 2002

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FACT SHEET

(2001 ACTUAL FIGURES IN BRACKETS)

1. Indian merchandise exports to US = $ 12.0 billion ($ 9.7 billion)
2. US merchandise exports to India = $ 4.0 billion ($ 3.8 billion)
3. India-US merchandise trade (1+2) = $ 16.0 billion ($ 13.5 billion)
4. Indian IT/software exports to US = $ 5.7 billion ($ 4.8 billion)
5. Total Indian exports to USA (1+4) = $ 17.7 billion ($ 14.5 billion)

[Merchandise + IT/Software exports}

6. US services exports to India = $ 3.1 billion ($ 2.8 billion)
7. Total US exports to India (2+6) = $ 7.1 billion ($ 6.6. billion)

{Merchandise + Services}

8. Total India-US trade (5+7) = $ 24.8 billion ($ 21.1 billion)

{Merchandise + Indian IT/Software exports + US Service exports}

9. Merchandise trade gap (1-2) = + $ 8.0 billion (+$5.9 billion)

(in India’s favour)

10. Total trade gap (5-7) = +$ 10.6 billion (+$7.9 billion)

(in India’s favour)

{Source: US Department of Commerce latest trade data}