Washington, April 3 (NationPress) The United States has reported a significant goods trade deficit of $54.91 billion with India over the past year, positioning India as one of Washington's foremost deficit partners. This comes amid an overall increase in the US trade gap, which reached $57.35 billion in February, marking a rise of $2.67 billion from January, yet remaining 11 percent below the 12-month average.

The data indicates that imports surged at a faster rate than exports, with total exports recorded at $314.8 billion and imports at $372.1 billion for the month.

In terms of goods trade, the US faced a deficit of $84.60 billion, while the services sector saw a surplus of $27.26 billion. The goods deficit expanded from January, while the surplus in services slightly decreased.

India stands out as a key trade partner for the US. In February alone, the US trade deficit with India was approximately $3.5 billion.

Over the last year leading to February 2026, India contributed around 5.01 percent to the total US goods trade deficit, highlighting a robust trading relationship between the two nations.

Furthermore, India is a vital source of imports for the US, with goods imports from India totaling $101.97 billion in the same timeframe, emphasizing its importance in supplying pharmaceuticals, engineering products, and various other goods to the US market.

These imports have also resulted in $12.34 billion in US customs duties, with an applied tariff rate averaging 12.12 percent.

The broader US trade scenario continues to be influenced by significant deficits with Mexico, Vietnam, and China, which are the predominant contributors to the goods trade deficit.

Exports in February were bolstered by increased shipments of industrial supplies and materials, notably nonmonetary gold and natural gas, while services exports saw modest growth.

However, imports escalated sharply, driven by a high demand for capital goods, computers, semiconductors, crude oil, and pharmaceutical preparations.

Over the past year, the main exports from the US included civilian aircraft, pharmaceutical products, and nonmonetary gold, whereas the leading imports consisted of pharmaceuticals, computers, and passenger vehicles.

Despite the monthly uptick, long-term trends indicate a gradual easing of the trade imbalance, with year-to-date data showing a decline in the deficit compared to last year, alongside an increase in exports and a decrease in imports on an annual basis.

In February, the US collected $21.24 billion in import duties, which is about 13 percent below the 12-month average, with the average applied duty rate at 8.48 percent.