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

About

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 6.49%, from $3.91B in 2018 to $5.35B in 2023.

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

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.

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

Latest Trends

November, 2024

About

Overview In November 2024, India exported $330M and imported $373M from Canada, resulting in a negative trade balance of $42.6M. Between November 2023 and November 2024 the exports of India have increased by $39.4M (13.6%) from $291M to $330M, while imports decreased by $-34.4M (-8.45%) from $407M to $373M.

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

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$39.4M(13.6%)
IMPORT GROWTH (November 2023 - November 2024)$-34.4M(-8.45%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 6.49%, from $3.91B in 2018 to $5.35B in 2023.

In 2018, 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 2023 to $6.85B in 2018.

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

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

Market Competitiveness

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

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

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

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

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 2023, India had a large net trade with Canada in the exports of Machines ($898M), Chemical Products ($889M), and Textiles ($750M).

During 2018, Canada had a large net trade with India in the exports of Mineral Products ($2.71B), Precious Metals ($992M), and Vegetable Products ($697M).

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) (2023)

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