For First Time, India Is Top Buyer Of U.S. Oil, Plus $100 Billion Trade Partner

  • Date: 30-Mar-2022
  • Source: Forbes
  • Sector:Oil & Gas
  • Country:Gulf
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For First Time, India Is Top Buyer Of U.S. Oil, Plus $100 Billion Trade Partner

For just the first time, India became the No. 1 purchaser of U. S. oil in 2021, also have one export ... [+] or import top $10 billion for the first time. For the first time, India was the No. 1 purchaser of U. S. oil in 2021, one of the United States' fastest-growing exports. Also for the first time, India's trade topped $100 billion as it re-entered the list of the United States' top 10 trade partners, finishing at No. 9 for the fifth time in the last six years. Because India is the world's largest democracy and because it has been one of the United States' fastest-growing trade partners over the last two decades, some have been critical of India's unwillingness to stand firmly with the West in condemnation of the Russian invasion of Ukraine. This is the ninth in a series of columns focused on each of the United States' top 10 trade partners. I previously wrote columns about Canada, Mexico, China, Japan, Germany, South Korea, the United Kingdom and Taiwan. After this analysis of the India-U. S. trade relationship will come a post about No. 10 Vietnam. These 10 countries account for two-thirds of all U.