India / Canada

Overview In August 2024, India exported $351M and imported $348M from Canada, resulting in a positive trade balance of $2.9M. Between August 2023 and August 2024 the exports of India have increased by $22.7M (6.92%) from $328M to $351M, while imports decreased by $-43.6M (-11.1%) from $391M to $348M.

Trade In August 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 August 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 August 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 ($7.51M or 24.3%). In August 2024, the decrease in India's year-by-year imports  from Canada was explained primarily by an decrease in product imports  in Pearl, Precs, Semiprecs Stones ($-50M or -99.5%), Paper, Paper Board And Product ($-3.56M or -34.3%), and Aluminium, Products Of Aluminm ($-2.61M or -29.1%).