India (IND) and Australia (AUS) Trade | The Observatory of Economic Complexity

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India-Australia In 2022, India exported $7.66B to Australia. The main products that India exported to Australia are Refined Petroleum ($3.11B), Packaged Medicaments ($397M), and Diamonds ($211M). During the last 27 years the exports of India to Australia have increased at an annualized rate of 11%, from $460M in 1995 to $7.66B in 2022.

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

Australia-India In 2022, Australia exported $31.5B to India. The main products that Australia exported to India were Coal Briquettes ($27B), Gold ($1.26B), and Petroleum Gas ($456M). During the last 27 years the exports of Australia to India have increased at an annualized rate of 11.9%, from $1.51B in 1995 to $31.5B in 2022.

In 2009, Australia exported services to India worth $2.67B, with Travel ($2.56B), Transportation ($34.8M), and Other business services ($34.8M) being the largest in terms of value.

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Australia ranked 77 in the Economic Complexity Index (ECI -0.35), and 16 in total exports ($424B).

Latest Trends

January, 2024

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Overview In January 2024, India exported $601M and imported $1.34B from Australia, resulting in a negative trade balance of $740M. Between January 2023 and January 2024 the exports of India have increased by $201M (50.2%) from $400M to $601M, while imports increased by $311M (30.2%) from $1.03B to $1.34B.

Trade In January 2024, the top exports of India to Australia were Petroleum Products ($102M), Electric Machinery And Equipme ($32.2M), Drug Formulations, Biologicals ($31.8M), Products Of Iron And Steel ($16.6M), and Rmg Cotton Incl Accessories ($13.7M). In January 2024 the top imports of India from Australia were Coal,Coke And Briquittes Etc ($781M), Gold ($71.6M), Bulk Minerals And Ores ($53.2M), Pulses ($27.2M), and Iron And Steel ($14.4M).

Growth In January 2024, the increase in India's year-by-year exports to Australia was explained primarily by an increase in product exports in Electric Machinery And Equipme ($20.8M or 182%), Telecom Instruments ($5.68M or 523%), and Marine Products ($4.34M or 1.41k%). In January 2024, the increase in India's year-by-year imports from Australia was explained primarily by an increase in product imports in Bulk Minerals And Ores ($39.6M or 292%), Pulses ($9.71M or 55.4%), and Iron And Steel ($8.6M or 148%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$201M(50.2%)

IMPORT GROWTH (January 2023 - January 2024)$311M(30.2%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $7.66B to Australia. The main products exported from India to Australia were Refined Petroleum ($3.11B), Packaged Medicaments ($397M), and Diamonds ($211M). During the last 27 years the exports of India to Australia have increased at an annualized rate of 11%, from $460M in 1995 to $7.66B in 2022.

In 2022, Australia exported $31.5B to India. The main products exported from Australia to India were Coal Briquettes ($27B), Gold ($1.26B), and Petroleum Gas ($456M). During the last 27 years the exports of Australia to India have increased at an annualized rate of 11.9%, from $1.51B in 1995 to $31.5B in 2022.

Exports from India () to Australia () (2022)

Exports from Australia () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Australia
Top DestinationChina$123B

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

In 2021, countries that imported more from India than Australia were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Australia than India were China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia () and India () (2022)

Comparative Advantage India - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Australia in the exports of Mineral Products ($3.17B), Chemical Products ($876M), and Textiles ($718M).

During 2022, Australia had a large net trade with India in the exports of Mineral Products ($28.2B), Precious Metals ($1.31B), and Chemical Products ($691M).

Service Trade

Bilateral Service Trade

Aus Year

In 2009, Australia exported services to India worth $2.67B, with Travel ($2.56B), Transportation ($34.8M), and Other business services ($34.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Australia () to India () (2009)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over Australia. Similarly, the more yellow a dot/product is, the more Australia has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Australia () (2022)

Exports from Australia () to India () (2022)

Market Competitiveness

Difference in imports from Australia () and India () (2022)

Comparative Advantage India - Australia

Service Trade

Bilateral Service Trade

Services Exports from Australia () to India () (2009)

Economic Complexity

Competitive Landscape

Product Space of India () and Australia () (2022)

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