Last year, the U.S. conducted $67 billion dollars of trade with India (nearly 2% of the total) making the Asian country its ninth largest trading partner. Like with most other countries among the top ten, the U.S. imports more from India than it exports, running a trade deficit of $24.3 billion in 2016. For this year till end of April, that figure stands at close to $7.7 billion.

Earlier this week, President Trump received India’s Prime Minister Narendra Modi at the White House. Both leaders spoke about the need to further strengthen their trade relationships and the effect that could have on their respective economies, but the deficit appeared to be a sticking point for president Trump.

“I look forward to working with you, Mr. Prime Minister, to create jobs in our countries, to grow our economies, and to create a trading relationship that is fair and reciprocal.  It is important that barriers be removed to the export of U.S. goods into your markets, and that we reduce our trade deficit with your country,” said President Trump in a joint statement.

 

U.S. Top Imports

The country imported $46 billion worth of goods last year. Here are the top five-

 

 

 

U.S. Top Exports

Last year, U.S. exports to India totaled $21.7 billion and here are the goods that were exported.

 

 

Which States run The Highest Deficit?

New York ran the largest deficit with India last year with a trade gap of over $8.3 billion, followed by New Jersey at $5.6 billion and Kentucky at $1.7 billion.

On the other hand, there are also states that accumulated large trade surpluses with the Asian country last year. California had the highest with $1.49 billion, Nevada came next with $549 million and Louisiana with $455 million.

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