U.S.-India Bilateral Trade Data Analysis 2022

US total bilateral trade (goods and services) with India was circa $192 billion in 2022, very close to USISPF projections ($191.2 billion). The two-way trade was up more than 19% from the previous year despite the continuing geopolitical challenges and gloomy economic conditions. Bilateral trade grew only 4% in 2019 (just prior to the COVID year), and 13% in 2018.
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