India
U.S. Trade with India in 2023
Export Market Rank
#13 Among U.S. Agricultural Export Markets
Total Export Value
$1.94 Billion
3-Year Average
$1.97 Billion
Compound Average Growth
5.8% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to India in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Tree Nuts | $1.1 Billion | 277,425 | $771.99 Million | 131% |
| Ethanol (non-bev.) | $245.91 Million | --- | $212.43 Million | 211% |
| Cotton | $231.16 Million | 69,132 | $288.8 Million | 160% |
| Essential Oils | $58 Million | 2,413 | $31.56 Million | 239% |
| Other Intermediate Products | $47.26 Million | 7,716 | $45.41 Million | 4% |
| Dairy Products | $42.43 Million | 16,960 | $35.79 Million | 132% |
| Other Feeds, Meals & Fodders | $30.32 Million | 10,109 | $18.84 Million | 120% |
| Soybeans | $24.46 Million | 41,541 | $10.76 Million | 5352% |
| Dextrins, Peptones, & Proteins | $21.76 Million | 4,679 | $33.22 Million | -26% |
| Distilled Spirits | $19.91 Million | --- | $7.66 Million | 404% |
Data and Analysis
FAS Mumbai forecasts MY 2024/25 Indian raw cotton exports at 1.2 million 480 lb. bales, 55 percent lower than previous estimate, due to India lint prices trading four percent higher than global prices, prompting buyers to prefer finer quality machine-picked cotton from foreign origins.
On September 25, 2024, India’s Ministry of Agriculture and Farmers Welfare (MoAFW) released final production estimates of major crops for Indian crop year (ICY) 2023/2024 (July-June). MoAFW estimated grain production at a record 332.3 million metric tons (MMT) due to record production of rice and wheat.
India’s domestic apple production in marketing year (MY) 2024/2025 is forecast 6 percent higher at 2.55 million metric tons (MMT) due to favorable weather conditions in the apple growing regions.
News and Features
Private exporters reported the following sales activities for MY 2024/2025: 30,000 MT of soybean oil for delivery to India, 261,264 MT of soybeans for delivery to Mexico, 135,000 MT of soybean cake and meal for delivery to the Philippines.
Private exporters report sales to China, India, Mexico, and unknown destinations.
U.S. Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor arrived in New Delhi today to launch a USDA-sponsored agribusiness trade mission.