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2022
Flag → Flag
Exports $4.32BRnk 9 / 215
2022
Flag → Flag
Top Product $1.02BCoal Briquettes
2022
Flag → Flag
Exports $5.37BRnk 28 / 217
2022
Flag → Flag
Top Product $406MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Canada-India Trade: In 2022, Canada exported $4.32B to India. The main products that Canada exported to India were Coal Briquettes ($1.02B), Potassic Fertilizers ($733M), and Dried Legumes ($305M). Over the past 5 years the exports of Canada to India have decreased at an annualized rate of 0.2%, from $4.37B in 2017 to $4.32B in 2022.

In 2020, Canada exported services to India worth $3.43B, with Travel ($3.29B), Transportation ($84.3M), and Government services, n.i.e. ($26.1M) being the largest in terms of value.

India-Canada Trade: In 2022, India exported $5.37B to Canada. The main products that India exported to Canada were Packaged Medicaments ($406M), Motor vehicles; parts and accessories (8701 to 8705) ($180M), and Jewellery ($177M). Over the past 5 years the exports of India to Canada have increased at an annualized rate of 14%,  from $2.79B in 2017 to $5.37B in 2022.

In 2022, India did not export any services to Canada.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$291M and imported C$639M from India, resulting in a negative trade balance of C$348M. Between August 2023 and August 2024 the exports of Canada have increased by C$30.5M (11.7%) from C$260M to C$291M, while imports increased by C$24.4M (3.97%) from C$614M to C$639M.

Trade In August 2024, the top exports of Canada to India were Coal Briquettes (C$49.1M), Semi chemical Woodpulp (C$32M), Iron Ore (C$29.8M), Dried Legumes (C$18.7M), and Newsprint (C$17.9M). In August 2024 the top imports of Canada from India were Packaged Medicaments (C$57.9M), Telephones (C$35.4M), Motor vehicles; parts and accessories (8701... (C$24M), Crustaceans (C$18.6M), and Electrical Transformers (C$18.1M).

Origins In August 2024 the exports of Canada were mainly from British Columbia (C$84.9M), Quebec (C$71M), Saskatchewan (C$40.9M), Ontario (C$39.8M), and Alberta (C$29.2M), while imports destinations were mainly Ontario (C$344M), Quebec (C$122M), British Columbia (C$81M), Alberta (C$50.5M), and Manitoba (C$19.7M).

Growth In August 2024, the increase in Canada's year-by-year exports to India was explained primarily by an increase in product exports in Semi chemical Woodpulp (C$20.3M or 174%), Dried Legumes (C$18.6M or 20.6k%), and Rubberworking Machinery (C$9.65M or 1.17k%). In August 2024, the increase in Canada's year-by-year imports  from India was explained primarily by an increase in product imports  in Telephones (C$34M or 2.46k%), Electrical Transformers (C$14.4M or 394%), and Packaged Medicaments (C$11.2M or 23.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$30.5M(11.7%)
IMPORT GROWTH (August 2023 - August 2024)C$24.4M(3.97%)
MAIN EXPORTER (August 2024)British ColumbiaC$84.9M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check India and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore India and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $4.32B to India. The main products exported from Canada to India were Coal Briquettes ($1.02B), Potassic Fertilizers ($733M), and Dried Legumes ($305M). During the last 5 years the exports of Canada to India have decreased at an annualized rate of 0.2%, from $4.37B in 2017 to $4.32B in 2022.

In 2017, India exported $5.37B to Canada. The main products exported from India to Canada were Packaged Medicaments ($406M), Motor vehicles; parts and accessories (8701 to 8705) ($180M), and Jewellery ($177M). During the last 5 years the exports of India to Canada have increased at an annualized rate of 14%, from $2.79B in 2022 to $5.37B in 2017.

Exports from Canada (Flag) to India (Flag) (2022)

Exports from India (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
India
Top DestinationUnited States$82.9B

This map shows whether countries import more from Canada or India. Each country is colored based on the difference in imports they receive from Canada and India or the difference in the growth in imports.

In 2022, countries that imported more from Canada than India included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from India than Canada included United Arab Emirates ($31.6B), Netherlands ($17.6B), and Bangladesh ($13.8B).

Difference in imports from India (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - India

Flow
Scale

This chart compares trade between Canada and India by product, considering products traded by both, Canada and India.

During 2022, Canada had a large net trade with India in the exports of Mineral Products ($1.27B), Chemical Products ($848M), and Paper Goods ($653M).

During 2017, India had a large net trade with Canada in the exports of Chemical Products ($908M), Metals ($798M), and Textiles ($745M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada India+$437MCrude Petroleum
Top Product Potential India Canada+$499MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and India. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and India (Flag) (2022)

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