Current Trade Relations Between India and The USA

[mstakh.i.mom.i]

Trade relations between India and the US are quite cordial. The United States is India’s largest trading partner. India reportedly had a trade surplus of USD 28.30 billion with the United States in 2022-23. Pharmaceutical products, gems, jewelry, electronic goods, light crude oil, and petroleum are some of India’s major exports to the US. Statistics reveal that the USA is India’s third largest investor with its total FDI inflow from April 2000 to March 2023 being USD 60.19 billion.

Air Cargo From India to The USA: Shipping Costs and Shipping Time
The shipping cost of air freight from India to the USA varies depending on various factors. It largely varies between USD 2.50 and USD 5.00. One of the first things that is considered while determining shipping cost is the type of cargo being transported. There are different types of air cargo including special cargo, general cargo, live animals, perishable cargo, temperature-controlled cargo, and mail cargo among others. The amount charged by the shipping companies varies largely depending upon the type of japan phone number list cargo to be transported, the weight of the cargo and the distance to be covered. In addition to this, you may also be charged airport transfer fees.

The charges for air freight are certainly higher than the sea shipping. However, it enables quick deliveries. This has made it an ideal choice for shipments that are small and lightweight.

Major Shipping Ports in India and the US
Here is a look at the major shipping ports in India and the US:

Ports in India
Mumbai Port – This is India’s largest port by size with four jetties. It facilitates the transportation of bulk cargo. Most of its container traffic is sent towards the Nhava Sheva port.
Jawaharlal Nehru Port – Nhava Sheva – It is the largest container port in India. More than half of the total container cargo passes through this port.
Chennai Port – It is the second-largest container port in the country. It witnesses a huge rush of containers almost all around the year owing to its connectivity with more than 50 ports worldwide. Reports suggest that it handles over 60 million tonnes of cargo every year.
Port of Mundra – This is India’s largest commercial and container port. Situated near Mundra, Gujarat, it is known for its huge infrastructure. Owned by the Adani Group, the port has 24 berths. Statistics reveal that it handled 155 million tonnes of cargo in 2022-2023.
Kolkata Port – Also known as the Syama Prasad Mookerjee Port, it is located approximately 203 kilometers away from the sea. The port built by the British East India Company is spread across an area of 4,500 acres. It has 34 berths in Kolkata and 17 in Haldia. It mainly transports iron ore, cotton textiles, and leather.