Global Partners
India
India, GPA’s Fastest Growing Trading Partner
“No country currently offers the scale of growth and opportunity for GPA that India provides. We are actively taking steps to grow this market even faster.” – GPA President and CEO Griff Lynch
KEY FACTS
Growth
For overall trade, no major GPA trading partner grew faster in percentage terms than India (+49%) in past 5 years.
Exports/Imports
Exports: India outpaced major trade partners with 59% growth (CY2019- 2023), growing 20% faster than the next fastest growing export market.
Imports: India grew 43%.
Volume
India now ranks as Savannah’s third largest trading partner in volume, behind China and Vietnam.
Market Share
India’s market share of GPA’s total trade grew by 50% in the past five years to 7.2%.
Ranking
Savannah is the second largest U.S. portal for India trade and among the fastest growing.
Location
India trade favors the U.S. East Coast. Even after Suez diversions, Savannah remains 3-5 days faster than the West Coast to Dallas, Chicago, and Memphis, among many other destinations.
Infrastructure
India is making massive public and private investments in infrastructure: More than $83 billion in port projects by 2035.
Demographics
The median age is 28 in India vs. 38 in China. India has surpassed China to become the world’s most populous nation.
Economy
India is the world’s fastest growing major economy and likely to become the third largest by 2027.
Top 5 Commodities Exported from Savannah to India in 2023
- Forest Products 38,000 TEUs
- Resins & Rubber 12,300 TEUs
- Iron & Steel 12,000 TEUs
- Clay 6,300 TEUs
- Automotive 5,900 TEUs
Top 5 Commodities Imported from India to Savannah in 2023
- Rugs, Sheets, Towels & Blankets 26,350 TEUs
- Hardware & Houseware 15,000 TEUs
- Machinery, Appliances & Electronics 15,600 TEUs
- Minerals 16,830 TEUs
- Automotive 14,400 TEUs
