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2023
Flag → Flag
Exports $6.85BRnk 6 / 215
2023
Flag → Flag
Top Product $1.29BCoal Briquettes
2023
Flag → Flag
Exports $5.35BRnk 26 / 220
2023
Flag → Flag
Top Product $488MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
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GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
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GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
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GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
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GDP PC$2,481CURRENT US$
Rnk 148 / 196
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Canada-India Trade: In 2023, Canada exported $6.85B to India. The main products that Canada exported to India were Coal Briquettes ($1.29B), Crude Petroleum ($1.18B), and Diamonds ($989M). Over the past 5 years the exports of Canada to India have increased at an annualized rate of 12.5%, from $3.8B in 2018 to $6.85B in 2023.

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 2023, India exported $5.35B to Canada. The main products that India exported to Canada were Packaged Medicaments ($488M), Motor vehicles; parts and accessories (8701 to 8705) ($204M), and Jewellery ($195M). Over the past 5 years the exports of India to Canada have increased at an annualized rate of 3.19%,  from $3.91B in 2018 to $5.35B in 2023.

In 2023, India did not export any services to Canada.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$433M and imported C$617M from India, resulting in a negative trade balance of C$184M. Between November 2023 and November 2024 the exports of Canada have decreased by C$-35.9M (-7.66%) from C$469M to C$433M, while imports increased by C$11.8M (1.96%) from C$605M to C$617M.

Trade In November 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 November 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 November 2024 the exports of Canada were mainly from Saskatchewan (C$180M), British Columbia (C$97.4M), Ontario (C$46.7M), Alberta (C$42.6M), and Quebec (C$38.9M), while imports destinations were mainly Ontario (C$375M), Quebec (C$118M), British Columbia (C$61.1M), Alberta (C$37.1M), and Manitoba (C$15.5M).

Growth In November 2024, the decrease in Canada's year-by-year exports to India was explained primarily by an decrease in product exports in Coal Briquettes (C$-11.1M or -18.4%), Diamonds (C$-8.18M or -46.4%), and Dissolving Grades Chemical Woodpulp (C$-4.17M or -48.1%). In November 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 (November 2023 - November 2024)C$-35.9M(-7.66%)
IMPORT GROWTH (November 2023 - November 2024)C$11.8M(1.96%)
MAIN EXPORTER (November 2024)SaskatchewanC$180M

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 2023, Canada exported $6.85B to India. The main products exported from Canada to India were Coal Briquettes ($1.29B), Crude Petroleum ($1.18B), and Diamonds ($989M). During the last 5 years the exports of Canada to India have increased at an annualized rate of 12.5%, from $3.8B in 2018 to $6.85B in 2023.

In 2018, India exported $5.35B to Canada. The main products exported from India to Canada were Packaged Medicaments ($488M), Motor vehicles; parts and accessories (8701 to 8705) ($204M), and Jewellery ($195M). During the last 5 years the exports of India to Canada have increased at an annualized rate of 3.19%, from $3.91B in 2023 to $5.35B in 2018.

Exports from Canada (Flag) to India (Flag) (2023)

Exports from India (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
India
Top DestinationUnited States$85.5B

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 2023, countries that imported more from Canada than India included United States ($410B), China ($31.1B), and Japan ($13.4B).

In 2023, countries that imported more from India than Canada included United Arab Emirates ($28.8B), Bangladesh ($11.3B), and Saudi Arabia ($11.4B).

Difference in imports from India (Flag) and Canada (Flag) (2023)

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 2023, Canada had a large net trade with India in the exports of Mineral Products ($2.71B), Precious Metals ($992M), and Vegetable Products ($697M).

During 2018, India had a large net trade with Canada in the exports of Machines ($898M), Chemical Products ($889M), and Textiles ($750M).

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) (2023)

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