There’s been renewed attention to trade policy, tariff measures, and bilateral agreements, including trade agreements between the United States and India. Our FRED graph above shows monthly US exports and imports to and from India over the past four decades. Both imports (orange line) and exports (blue line) have gradually risen since the 1990s.

Yet, they are a small share of total US imports and exports, as shown by our second FRED graph, below. As of January 2026, exports to India accounted for about 2.5% of total US exports, and imports from India accounted for 3% of total US imports.

Data in FRED also allow us to see the geographic distribution of trade with India across US states. Our FRED map below illustrates the value of exports to India as of 2022. States shaded in dark green were the top exporters, with export values between $776.8 million and $5.72 billion. Most of these states lie along the East and West coasts, with some high-exporting states in the Midwest (Illinois) and the South (Louisiana, Florida, and Georgia).

How these graphs and maps were created: First graph: Search FRED for “EXP5330” and select “U.S. Exports of Goods by F.A.S. Basis to India.” In the “Edit Graph” panel, open the “Add Line” tab to search for “IMP5330” and select “U.S. Imports of Goods by Customs Basis from India.” Click “Add data series.” Open the “Format” tab to change the color of the second line to orange and the line style to solid. Second graph: Search FRED for “EXP0015” and select “U.S. Exports of Goods by F.A.S. Basis to World.” In the “Edit Graph” panel, open the “Edit Lines” tab. Scroll down to “Customize data” to search for “EXP5330” and add “U.S. Exports of Goods by F.A.S. Basis to India.” In the “Formula” tab, apply formula b/a to get the share of exports to India in total U.S. exports. To calculate the share of imports from India in total U.S. imports, open the “Add Line” tab and search for “IMP0015” and select “U.S. Imports of Goods by Customs Basis from World.” In the “Edit Graph” panel, open the “Edit Lines” tab. Scroll down to “Customize data” to search for “IMP5330” and select “U.S. Imports of Goods by Customs Basis from India.” Apply the same formula as line 1. Then open the “Format” tab and change the color of the second line to orange and the line style to solid. Ensure that all four datasets are of the same format. Map: Search FRED for “Value of exports to India from” and click on the first option. Click “View Map” and, in the “Edit Map” section, change the number of color groups to 5 and choose the fractile method.

Suggested by Revathy Ramchandran and B. Ravikumar.