India / Canada

Overview In January 2024, India exported $309M and imported $370M from Canada, resulting in a negative trade balance of $60.4M. Between January 2023 and January 2024 the exports of India have decreased by $-437k (-0.14%) from $310M to $309M, while imports decreased by $-91.4M (-19.8%) from $461M to $370M.

Trade In January 2024, the top exports of India to Canada were Drug Formulations, Biologicals ($38.4M), Products Of Iron And Steel ($24.4M), Cotton Fabrics, Madeups Etc. ($15.8M), Telecom Instruments ($15.7M), and Rmg Cotton Incl Accessories ($14.7M). In January 2024 the top imports of India from Canada were Bulk Minerals And Ores ($101M), Coal,Coke And Briquittes Etc ($88.5M), Iron And Steel ($58M), Pulses ($44.2M), and Pulp And Waste Paper ($30.5M).

Growth In January 2024, the decrease in India's year-by-year exports to Canada was explained primarily by an decrease in product exports in Other Precious And Base Metals ($-9.86M or -100%), Aluminium, Products Of Aluminm ($-4.52M or -56.2%), and Marine Products ($-3.98M or -26.2%). In January 2024, the decrease in India's year-by-year imports  from Canada was explained primarily by an decrease in product imports  in Pearl, Precs, Semiprecs Stones ($-50M or -99.5%), Paper, Paper Board And Product ($-3.56M or -34.3%), and Aluminium, Products Of Aluminm ($-2.61M or -29.1%).