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

About

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.

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.

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

Latest Trends

September, 2024

About

Overview In September 2024, India exported $344M and imported $329M from Canada, resulting in a positive trade balance of $14.7M. Between September 2023 and September 2024 the exports of India have increased by $26.9M (8.49%) from $317M to $344M, while imports increased by $842k (0.26%) from $328M to $329M.

Trade In September 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 September 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 September 2024, the increase in India's year-by-year exports to Canada was explained primarily by an increase in product exports in Telecom Instruments ($15.5M or 7.57k%), Other Oil Seeds ($9.04M or 747%), and Drug Formulations, Biologicals ($7.51M or 24.3%). In September 2024, the increase in India's year-by-year imports  from Canada was explained primarily by an increase in product imports  in Bulk Minerals And Ores ($99.8M or 13.1k%), Coal,Coke And Briquittes Etc ($51.4M or 139%), and Iron And Steel ($39.6M or 215%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)$26.9M(8.49%)
IMPORT GROWTH (September 2023 - September 2024)$842k(0.26%)

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 Canada and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Canada and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $5.37B in 2022.

In 2017, 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 2022 to $4.32B in 2017.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage India - Canada

Flow
Scale

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

During 2022, India had a large net trade with Canada in the exports of Chemical Products ($908M), Metals ($798M), and Textiles ($745M).

During 2017, Canada had a large net trade with India in the exports of Mineral Products ($1.27B), Chemical Products ($848M), and Paper Goods ($653M).

Potential Exports

Potential Exports

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

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.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to India (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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