2023
Flag  
GDP
$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH
9.57%CURRENT US$
Rnk 156 / 195
2023
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 GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC 
$64,821CURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP PC GROWTH
-4.94%CURRENT US$
Rnk 159 / 195
2023
Flag
GDP PC
$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195

About

Australia-India Trade: In 2023, Australia exported $19.9B to India. The main products that Australia exported to India were Coal Briquettes ($14B), Gold ($2.35B), and Dried Legumes ($562M). Over the past 5 years the exports of Australia to India have increased at an annualized rate of 5.6%, from $15.2B in 2018 to $19.9B in 2023.

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.

India-Australia Trade: In 2023, India exported $6.06B to Australia. The main products that India exported to Australia were Refined Petroleum ($1.6B), Packaged Medicaments ($504M), and Jewellery ($172M). Over the past 5 years the exports of India to Australia have increased at an annualized rate of 7.36%,  from $4.25B in 2018 to $6.06B in 2023.

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

Comparison: In 2023,  Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Australia exported $19.9B to India. The main products exported from Australia to India were Coal Briquettes ($14B), Gold ($2.35B), and Dried Legumes ($562M). During the last 5 years the exports of Australia to India have increased at an annualized rate of 5.6%, from $15.2B in 2018 to $19.9B in 2023.

In 2018, India exported $6.06B to Australia. The main products exported from India to Australia were Refined Petroleum ($1.6B), Packaged Medicaments ($504M), and Jewellery ($172M). During the last 5 years the exports of India to Australia have increased at an annualized rate of 7.36%, from $4.25B in 2023 to $6.06B in 2018.

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

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

Latest Data

Trade between Australia (Flag) and India (Flag)

Australia Exports

India Exports

Market Competitiveness

Color
Australia
Top Destination
China$137B
India
Top Destination
United States$85.5B

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

In 2023, countries that imported more from Australia than India included China ($137B), Japan ($59B), and Chinese Taipei ($17.4B).

In 2023, countries that imported more from India than Australia included United States ($85.5B), United Arab Emirates ($28.8B), and Saudi Arabia ($11.4B).

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

Comparative Advantage Australia - India

Flow
Scale

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

During 2023, Australia had a large net trade with India in the exports of Mineral Products ($15.1B), Precious Metals ($2.37B), and Vegetable Products ($749M).

During 2018, India had a large net trade with Australia in the exports of Mineral Products ($1.64B), Chemical Products ($818M), and Machines ($789M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Australia India+$765MGold
Top Product Potential India Australia+$910MRefined 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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Economic Complexity

Competitive Landscape

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

Product Space of Australia (Flag) and India (Flag) (2023)

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