Visualised: India - USA Trade

What’s everyone missing in the India - USA trade deal? Here’s everything you need to know.

Together, the two accounted for $131.6 billion worth of goods trade in 2025 with the US as India’s largest export partner.

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Here are some interesting facts that make the trade agreement announcement stand out:

In 2025, India exported goods with $85.5 billion to US, in comparison to $46.1 billion worth of imports, reflecting a $39.4 billion trade surplus.

Just 2 categories (Machines and Pharma/ Chemical Products) account for 52% of India’s exports.

Mineral products are the highest imported category at 34% of total imports.

YoY Trend in Exports: Machines exports have seen a 58% increase, while previous metals, mineral products, transportation and textiles have taken a big hit.

YoY Trend in Imports: 2025 saw a significant rise in imports of mineral products, machines and metals, while transportation took the biggest hit at 50%.

While India has the lowest tariffs (18%) of any other Asian countries, it’ll be interesting to see how the reciprocal “zero” tariff plays to the trade surplus.

Additionally, oil is India’s largest exported commodity (13% share) followed closely by electrical machinery (12%), so stopping Russian oil trade will surely affect the overall surplus.

Something that you will not see on this graph is agriculture. India’s agriculture economy has contributed nearly 17% to the country’s GDP, with crops accounting for 54% of that. The US is aggressively pushing its agriculture products to the world and give the cost effectiveness will compete against India’s crops, especially on soybean, corn and pulses.

As they say, the devil is in the details.

Also read: Visualised: India - EU Trade