IMPORTANT FACTS ABOUT U.S.A.

 The US has the largest and most technologically powerful economy in the world, with
a per capita GDP of $47,400.

 GDP (purchasing power parity):

Value of all final goods and services produced within a nation in a given year

$14.72 trillion (2010 est.)

Country comparison to the world: 2
UNITED STATES ::  2

GDP (purchasing power

Rank country
parity)

1 European Union $ 14,890,000,000,000 2010 est.

2 United States $ 14,720,000,000,000 2010 est.

$14.33 trillion (2009 est.)

$14.72 trillion (2008 est.)

 GDP - per capita :

$47,400 (2010 est.)

Country comparison to the world: 11
$46,700 (2009 est.)
$48,300 (2008 est.)

 GDP : COMPOSITION BY SECTOR

Agriculture: 1.2%
Industry: 22.2%
Services: 76.7% (2009 est.)

 INFLATION
This entry furnishes the annual percent change in consumer prices compared with the
previous year's consumer prices.
1.4% (2010 est.)

country comparison to the world: 33

-0.3% (2009 est.)

 INDUSTRY

Leading industrial power in the world, highly diversified and technologically

advanced;
Petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals,
electronics, food processing, consumer goods, mining.

 EXPORTS:

$1.27 trillion (2010 est.)

country comparison to the world: 4
$1.069 trillion (2009 est.)

 EXPORTS COMMODITIES:

Agricultural products (soybeans, fruit, corn) 9.2%, industrial supplies (organic

chemicals) 26.8%, capital goods (transistors, aircraft, motor vehicle parts, computers,
telecommunications equipment) 49.0%, consumer goods (automobiles, medicines)
15.0%

 EXPORTS- PARTNERS:

Canada 19.37%, Mexico 12.21%, China 6.58%, Japan 4.84%, UK 4.33%, Germany
4.1% (2009)

 IMPORTS

$1.903 trillion (2010 est.)

country comparison to the world: 1
$1.575 trillion (2009 est.)

 IMPORTS COMMODITIES:

Agricultural products 4.9%, industrial supplies 32.9% (crude oil 8.2%), capital goods
30.4% (computers, telecommunications equipment, motor vehicle parts, office
machines, electric power machinery), consumer goods 31.8% (automobiles, clothing,
medicines, furniture, toys)

 IMPORTS- PARTNERS:
 China 19.3%, Canada 14.24%, Mexico 11.12%, Japan 6.14%, Germany 4.53% (2009)

 List of the largest trading partners of the United States

The largest U.S. partners with their total trade (sum of imports and exports) in billions
of US Dollars for year 2009 are as follows:

Country Exports Imports Total Trade

 Canada 204.7 224.9 429.6

 China 69.6 296.4 366.0
 Mexico 129.0 176.5 305.5
 Japan 51.2 95.9 147.1
 Germany 43.3 71.3 114.6
 United Kingdom 45.7 47.5 93.2
 South Korea 28.6 39.2 67.9
 France 26.5 34.0 60.6
 Netherlands 32.3 16.1 48.4
 Taiwan 18.4 28.4 46.8
Total Trade (Goods)
Rank Country Exports Imports Total Percent of
(2010) (2010) Trade Total
2010) Trade

--- Total, All Countries 1,161.1 1,745.4 2,906.5 100.0%

--- Total, Top 15 Countries 816.4 1,277.0 2,093.4 72.0%
1 Canada 228.3 252.2 480.5 16.5%
2 China 81.8 334.1 415.9 14.3%
3 Mexico 148.8 210.4 359.2 12.4%
4 Japan 55.1 109.0 164.1 5.6%
5 Federal Republic of 44.1 75.3 119.4 4.1%
Germany
6 United Kingdom 44.3 45.3 89.6 3.1%
7 Korea, South 35.4 44.7 80.1 2.8%
8 France 24.3 35.0 59.3 2.0%
9 Taiwan 23.4 32.7 56.1 1.9%
10 Brazil 32.3 21.6 53.9 1.9%
11 Netherlands 31.7 17.2 48.9 1.7%
12 India 17.6 27.4 45.0 1.5%
13 Singapore 26.4 16.1 42.5 1.5%
14 Venezuela 9.9 30.0 39.9 1.4%
15 Italy 12.9 26.0 38.9 1.3%

Top US Exports to India

Among the top U.S. exports to India, America’s biggest and fastest-growing export to India is
aircraft and spacecraft products. This shows that the United States holds strong competitive
advantages in aerospace engineering.
 For the 5-month period ending May 2010, the following U.S. exports to India had the highest
dollar values.

1. Aircraft and spacecraft plus parts … US$1.05 billion, up 210.4% from 2010 (14% of
U.S. exports to India)
2. Non-industrial diamonds … $620 million, up 129.6% (8.3%)

3. Diammonium phosphate fertilizer … $495.5 million, up 9.1% (6.6%)

4. Non-monetary gold … $206.5 million, up 37.3% (2.8%)

5. Coal tar oils … $204.3 million, up 19.4% (2.7%)

6. Bituminous coal, not agglomerated … $200.1 million, down 51.1% (2.7%)

7. Voice, images and data machines including routers … $156.3 million, up 41.1%
(2.1%)

8. Iron waste and scrap … $129.2 million, up 52.2% (1.7%)

9. Large gas turbines (output over 5,000 kilowatts) … $126.4 million, up 35.6% (1.7%)

10. Jewelry other than silver … $117.1 million, down 16.9% (1.6%).

Among the top 10 American exports to India, 8 had percentage sales increases as of May
2010.

India Exported products  to USA in year 2009-2010 

HS Code   2008-2009 2009-2010  %Growth
71 Natural Or Cultured Pearls,Precious Or Semiprecious 4,660.08 4,740.33 1.72
Stones,Pre.Metals,Clad With Pre.Metal And Artcls
Thereof;Imit.Jewlry;Coin. 
62 Articles Of Apparel And Clothing Accessories, Not Knitted Or 1,498.37 1,495.26 -0.21
Crocheted. 
30 Pharmaceutical Products  947.55 1,248.94 31.81
61 Articles Of Apparel And Clothing Accessories, Knitted Or 1,216.12 1,164.31 -4.26
Corcheted. 
85 Electrical Machinery And Equipment And Parts Thereof; Sound 1,571.69 1,138.11 -27.59
Recorders And Reproducers, Television Image And Sound Recorders
And Reproducers,And Parts. 
63 Other Made Up Textile Articles; Sets; Worn Clothing And Worn 956.11 1,100.21 15.07
Textile Articles; Rags 
29 Organic Chemicals  949.84 1,085.31 14.26
84 Nuclear Reactors, Boilers, Machinery And Mechanical Appliances; 1,101.84 886.61 -19.53
Parts Thereof. 
73 Articles Of Iron Or Steel  1,579.48 763.29 -51.67
27 Mineral Fuels, Mineral Oils And Products Of Their Distillation; 170.25 448.34 163.34
Bituminous Substances; Mineral Waxes. 
87 Vehicles Other Than Railway Or Tramway Rolling Stock, And Parts 525.24 435.91 -17.01
And Accessories Thereof. 
57 Carpets And Other Textile Floor Coverings.  386.17 368.53 -4.57
39 Plastic And Articles Thereof.  302.43 281.98 -6.76
72 Iron And Steel  667.05 251.28 -62.33
99 Miscellaneous Goods.  136.73 221.89 62.28
90 Optical, Photographic Cinematographic Measuring, Checking 240.04 218.37 -9.03
Precision, Medical Or Surgical Inst. And Apparatus Parts And
Accessories Thereof; 
68 Articles Of Stone, Plaster, Cement, Asbestos, Mica Or Similar 220.02 202.63 -7.91
Materials. 
42 Articles Of Leather,Saddlery And Harness;Travel Goods, Handbags 229.83 195.73 -14.84
And Similar Cont.Articles Of Animal Gut(Othr Thn Silk-Wrm)Gut. 
3 Fish And Crustaceans, Molluscs And Other Aquatic Invertabrates.  198.63 187.05 -5.83
88 Aircraft, Spacecraft, And Parts Thereof.  267.49 183.42 -31.43
8 Edible Fruit And Nuts; Peel Or Citrus Fruit Or Melons.  220.36 170.52 -22.62
13 Lac; Gums, Resins And Other Vegetable Saps And Extracts.  203.96 158.91 -22.09
38 Miscellaneous Chemical Products.  247.05 148.03 -40.08
33 Essential Oils And Resinoids; Perfumery, Cosmetic Or Toilet 172.84 145.99 -15.53
Preparations. 
9 Coffee, Tea, Mate And Spices.  160.19 142.93 -10.77
32 Tanning Or Dyeing Extracts; Tannins And Their Deri. Dyes, 132.34 133.76 1.07
Pigments And Other Colouring Matter; Paints And Ver; Putty And
Other Mastics; Inks. 
89 Ships, Boats And Floating Structures.  2.13 128.94 5,951.30
94 Furniture; Bedding, Mattresses, Mattress Supports, Cushions And 120.08 125.97 4.9
Similar Stuffed Furnishing; Lamps And Lighting Fittings Not
Elsewhere Specified Or Inc 
64 Footwear, Gaiters And The Like; Parts Of Such Articles.  163.74 123.88 -24.34
40 Rubber And Articles Thereof.  144.85 120.45 -16.85
12 Oil Seeds And Olea. Fruits; Misc. Grains, Seeds And Fruit; Industrial 107.82 78.6 -27.1
Or Medicinal Plants; Straw And Fodder. 
82 Tools Implements, Cutlery, Spoons And Forks, Of Base Metal; Parts 94.86 78.06 -17.71
Thereof Of Base Metal. 
35 Albuminoidal Substances; Modified Starches; Glues; Enzymes.  88.25 66.32 -24.85
20 Preparations Of Vegetables, Fruit, Nuts Or Other Parts Of Plants.  62.9 66.04 4.99
15 Animal Or Vegetable Fats And Oils And Their Cleavage Products; 54.53 55.82 2.36
Pre. Edible Fats; Animal Or Vegetable Waxex. 
52 Cotton.  67.38 54.82 -18.64
97 Works Of Art Collectors' Pieces And Antiques.  72.89 54.43 -25.33
55 Man-Made Staple Fibres.  40.85 52.36 28.19
96 Miscellaneous Manufactured Articles.  44.56 51.82 16.28
76 Aluminium And Articles Thereof.  70.01 51.01 -27.13
54 Man-Made Filaments.  58.02 49.13 -15.33
10 Cereals.  61.86 47.55 -23.12
34 Soap, Organic Surface-Active Agents, Washing Preparations, 47.93 45.84 -4.37
Lubricating Preparations, Artificial Waxes, Prepared Waxes,
Polishing Or Scouring Prep. 
48 Paper And Paperboard; Articles Of Paper Pulp, Of Paper Or Of 47.35 42.56 -10.12
Paperboard. 
21 Miscellaneous Edible Preparations.  40.56 41.22 1.63
74 Copper And Articles Thereof.  50.5 38.24 -24.28
19 Preparations Of Cereals, Flour, Starch Or Milk; Pastrycooks 39.05 38.22 -2.14
Products. 
28 Inorganic Chemicals; Organic Or Inorganic Compounds Of Precious 104.94 36.88 -64.86
Metals, Of Rare-Earth Metals, Or Radi. Elem. Or Of Isotopes. 
70 Glass And Glassware.  39.83 36.65 -7.97
50 Silk  56.44 35.42 -37.25
83 Miscellaneous Articles Of Base Metal.  33.33 34.95 4.89
31 Fertilisers.  0.95 34.02 3,489.97
25 Salt; Sulphur; Earths And Stone; Plastering Materials, Lime And 53.43 32.57 -39.04
Cement. 
56 Wadding, Felt And Nonwovens; Spacial Yarns; Twine, Cordage, 27.73 31.76 14.52
Ropes And Cables And Articles Thereof. 
24 Tobacco And Manufactured Tobacco Substitutes.  33.16 30.41 -8.31
44 Wood And Articles Of Wood; Wood Charcoal.  34.94 29 -17
60 Knitted Or Crocheted Fabrics.  32.88 28.4 -13.63
49 Printed Bookds, Newspapers, Pictures And Other Products Of The 27.45 24.92 -9.22
Printing Industry; Manuscripts, Typescripts And Plans. 
7 Edible Vegetables And Certain Roots And Tubers.  26.02 23.95 -7.98
58 Special Woven Fabrics; Tufted Textile Fabrics; Lace; Tapestries; 25.6 23.91 -6.6
Trimmings; Embroidery. 
4 Dairy Produce; Birds' Eggs; Natural Honey; Edible Prod. Of Animal 19.85 22.96 15.67
Origin, Not Elsewhere Spec. Or Included. 
95 Toys, Games And Sports Requisites; Parts And Accessories Thereof.  25.96 20.04 -22.79
16 Preparations Of Meat, Of Fish Or Of Crustaceans, Molluscs Or Other 9.71 17.23 77.48
Aquatic Invertebrates 
53 Other Vegetable Textile Fibres; Paper Yarn And Woven Fabrics Of 17.81 17.06 -4.21
Paper Yarn. 
67 Prepared Feathers And Down And Articles Made Of Feathers Or Of 12.36 13.23 7.02
Down; Artificial Flowers; Articles Of Human Hair. 
59 Impregnated, Coated, Covered Or Laminated Textile Fabrics; Textile 14.58 11.37 -22.05
Articles Of A Kind Suitable For Industrial Use. 
6 Live Trees And Other Plants; Bulbs; Roots And The Like; Cut 16.04 11.16 -30.38
Flowers And Ornamental Foliage. 
98 Project Goods; Some Special Uses.  7.71 10.75 39.36
11 Products Of The Milling Industry; Malt; Starches; Inulin; Wheat 5.69 10.33 81.4
Gluten. 
69 Ceramic Products.  11.33 9.25 -18.39
41 Raw Hides And Skins (Other Than Furskins) And Leather  8.77 7.97 -9.05
18 Cocoa And Cocoa Preparations.  3.64 5.69 56.12
93 Arms And Ammunition; Parts And Accessories Thereof.  2.99 4.97 65.97
86 Railway Or Tramway Locomotives, Rolling-Stock And Parts Thereof; 10.83 3.83 -64.66
Railway Or Tramway Track Fixtures And Fittings And Parts Thereof;
Mechanical 
51 Wool, Fine Or Coarse Animal Hair, Horsehair Yarn And Woven 4.2 3.6 -14.28
Fabric. 
26 Ores, Slag And Ash.  0.52 3.6 598.02
37 Photographic Or Cinematographic Goods.  4.25 3.13 -26.22
75 Nickel And Articles Thereof.  3.5 3.09 -11.89
22 Beverages, Spirits And Vinegar.  2.66 2.97 11.67
92 Musical Instruments; Parts And Accessories Of Such Articles.  5.1 2.88 -43.49
79 Zinc And Articles Thereof.  2.51 2.2 -12.38
17 Sugars And Sugar Confectionery.  3.9 2.09 -46.46
81 Other Base Metals; Cermets; Articles Thereof.  1.82 2.03 11.25
65 Headgear And Parts Thereof.  4.38 2 -54.25
2 Meat And Edible Meat Offal.  0.72 1.86 157.81
36 Explosives; Pyrotechnic Products; Matches; Pyrophoric Alloys; 2.1 1.6 -23.73
Certain Combustible Preparations. 
23 Residues And Waste From The Food Industries; Prepared Animal 1.08 1.33 23.82
Foder. 
80 Tin And Articles Thereof.  0.15 1.18 661.33
46 Manufactures Of Straw, Of Esparto Or Of Other Plaiting Materials; 2.26 1.11 -50.77
Basketware And Wickerwork. 
5 Products Of Animal Origin, Not Elsewhere Specified Or Included.  1.18 0.94 -20.14
14 Vegetable Plaiting Materials; Vegetable Products Not Elsewhere 0.99 0.81 -17.98
Specified Or Included. 
91 Clocks And Watches And Parts Thereof.  1.59 0.77 -51.86
47 Pulp Of Wood Or Of Other Fibrous Cellulosic Material; Waste And 0.02 0.15 660.1
Scrap Of Paper Or Paperboard. 
78 Lead And Articles Thereof.  0.25 0.09 -65.94
1 Live Animals.  0 0.07 8,425.00
66 Umbrellas, Sun Umbrellas, Walking-Sticks, Seat-Sticks, 0.13 0.04 -71.58
Whips,Riding-Crops And Parts Thereof. 
45 Cork And Articles Of Cork.  0.02 0.03 16.95
43 Furskins And Artificial Fur, Manufactures Thereof.  0 0 -57.89
    21,149.53 19,535.49 -7.63

Trade policy of U.S.

1. The United States remains strongly committed to the rules-based multilateral trading
system, which advances the well-being of the people of the United States and of its
trading partners. The United States continues its steadfast belief that transparency is a
fundamental component of robust world trade.
2. An ambitious and balanced Doha Round as a means to generate economic growth
through meaningful new trade flows in agriculture, industrial goods and services
remains a top U.S. trade negotiating priority.
3. The fundamental features of U.S. trade policy -- maintenance of open, competitive
markets, compliance with WTO obligations, and leadership in the multilateral trading
system -- remain unchanged despite new challenges presented by a dynamic, global
economy.
4. In 2009, President Obama set a goal of doubling U.S. exports in the subsequent five
years – an increase that will support 2 million additional jobs in the United States.
The new National Export Initiative is part of the Administration's focus on spurring
economic growth and putting Americans back to work.
5. a trade policy focused on the largest opportunities for increasing American exports
and jobs, on opening markets and boosting innovation, and based on the principles of
a rules-based global trading system can contribute powerfully to the goal of
 sustainable economic growth that provides the benefits of trade at home while also
advancing global recovery. The United States has created an extensive series of
bilateral and regional trade and investment agreements. In 2009, the United States
also issued a notification of its intention to begin negotiations with seven partner
countries (Australia, Brunei, Chile, New Zealand, Peru, Singapore, and Vietnam) for
the Trans-Pacific Partnership.
6. During the most severe recession since the 1930s, the United States maintained its
commitment to international trade obligations and avoided further aggravating
economic difficulties that would have been intensified by trade restrictive reactions.
Even so, U.S. and global trade contracted sharply beginning in mid-2008, with
recovery beginning only in early 2009.
7. With 95 per cent of the world's population living outside our borders, the United
States remains committed to the integrity of existing trade agreements and to the
negotiation of additional trade agreements, both multilateral and bilateral, that open
markets further and create opportunities for trade, trade-related job and income
expansion for all.
8. . As of 2008, exports supported over 10 million jobs in the United States alone,
including one in four in the manufacturing sector. Imports from U.S. trade partners
have also helped expand our purchasing power, widen choices for American
consumers, and provide valuable inputs into U.S. production.
9. The United States maintains one of the world's most open trade regimes, with the
current U.S. simple average tariff at 3.5 per cent on a legally bound basis under the
WTO. When GSP and other preferences are taken into account, the U.S.
trade-weighted average tariff is under 1.4 per cent on an applied basis.
10. In 2009, 70 per cent of all U.S. imports (including under preference programs)
entered the United States duty free. U.S. service markets are open to foreign
providers and U.S. regulatory processes are transparent and accessible to the public.

India US Trade relations:

1. India's relations with USA have grown since the economic restoration. Trade relation
between these two countries is the significant aspect of the global and strategic
partnership existing between them.
2. Over the longer term of ten years, India and the US can become much more
significant economic partners. Considering that India, a country with a GDP of
around $1 trillion, accounts for a mere 1.3% of US trade, there is substantial potential
to increase bilateral trade.
3. The major export items from India to the United States include fish, seafood, precious
stones, textile products, Apparels, Metals, Machinery, Organic Chemicals, Iron and
steel products.
4. The major import items to India from the United States include Medical and surgical
equipments, Computer and computer parts, gas turbines, telecom, electrical
machinery, plastic, cotton, wooden pulp. 
 5. The Next Steps in Strategic Partnership provides a more transparent U.S. licensing
arrangements for Indian imports of sensitive items and technology. This in turn have
lead to an enhancement in the high-tech trade between the two countries.
6. The India US Trade Relations was further boosted with the conclusion of an Open
Skies Agreement between the two nations in the year 2005. This agreement is
supposed to increase the air connectivity between the two countries, thereby
improving the commercial and trade relations.
7.  Outsourcing of knowledge work to India by the US based companies is a significant
feature of the India US Trade Relations as producing goods and services in India
makes them cheaper in the US.
8. The India US Trade Relations is also characterized by the inter-dependence in terms
of financial markets as US institutional investors are increasingly investing in India
and on the other hand Indian multinational corporations are going on buying
companies in the US and establishing operations in the US.
9. Areas like infrastructure, IT, Telecom sector, energy and other knowledge industries
such as pharmaceuticals and biotechnology, are the favorite areas for economic
cooperation between India and the US. Some of the major multi national corporations
of USA doing a profitable business in India are- General Electric, Whirlpool Ford
(India), 3M, Tecumseh Products (India) Limited, Pepsi, Proctor and Gamble (India),
Microsoft, Intel, and IBM Corporation.

India –US economic relations in forth coming era can attain some new
dimensions: 

1. High technology trade to frontier technology-strategic shift: India and USA can be partners
in developing knowledge frontiers in science and technology including space, robotics,
defense, nuclear energy and their business applications. 

2. High interface in service trade- Strong bilateral engagement across diverse services
sectors: This would involve significant liberalization of the Indian service economy on the
one hand, and easy movement of personnel across borders on the other. 

3. Investment destinations: to work on mutual investment aggressively. US investors should

have a leading role in the economic transformation of India. 

4. The recent visit of American President Barack Obama also give positive signals that the
relations between these two countries are healthy and outcome of the business strategy of
both these countries will surely result into betterment of both the country.