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2023
Flag → Flag
Exports $6.06BRnk 22 / 220
2023
Flag → Flag
Top Product $1.6BRefined Petroleum
2023
Flag → Flag
Exports $19.9BRnk 4 / 211
2023
Flag → Flag
Top Product $14BCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
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GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
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 GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
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GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
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GDP PC$64,821CURRENT US$
Rnk 16 / 196
2013-2023
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GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

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.

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.

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

Latest Trends

November, 2024

About

Overview In November 2024, India exported $643M and imported $1.84B from Australia, resulting in a negative trade balance of $1.19B. Between November 2023 and November 2024 the exports of India have increased by $251M (64.1%) from $392M to $643M, while imports increased by $453M (32.7%) from $1.38B to $1.84B.

Trade In November 2024, the top exports of India to Australia were Petroleum Products ($102M), Electric Machinery And Equipme ($32.2M), Drug Formulations, Biologicals ($31.8M), Products Of Iron And Steel ($16.6M), and Rmg Cotton Incl Accessories ($13.7M). In November 2024 the top imports of India from Australia were Coal,Coke And Briquittes Etc ($781M), Gold ($71.6M), Bulk Minerals And Ores ($53.2M), Pulses ($27.2M), and Iron And Steel ($14.4M).

Growth In November 2024, the increase in India's year-by-year exports to Australia was explained primarily by an increase in product exports in Electric Machinery And Equipme ($20.8M or 182%), Telecom Instruments ($5.68M or 523%), and Marine Products ($4.34M or 1.41k%). In November 2024, the increase in India's year-by-year imports  from Australia was explained primarily by an increase in product imports  in Bulk Minerals And Ores ($39.6M or 292%), Pulses ($9.71M or 55.4%), and Iron And Steel ($8.6M or 148%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$251M(64.1%)
IMPORT GROWTH (November 2023 - November 2024)$453M(32.7%)

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 Australia and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Australia and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $6.06B in 2023.

In 2018, 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 2023 to $19.9B in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Australia
Top DestinationChina$137B

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

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).

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

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

Comparative Advantage India - Australia

Flow
Scale

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

During 2023, India had a large net trade with Australia in the exports of Mineral Products ($1.64B), Chemical Products ($818M), and Machines ($789M).

During 2018, Australia had a large net trade with India in the exports of Mineral Products ($15.1B), Precious Metals ($2.37B), and Vegetable Products ($749M).

Potential Exports

Potential Exports

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

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 India and Australia. This means that a dot/product with the flag of India indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over India.

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

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