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2022
Flag → Flag
Exports $7.66BRnk 20 / 217
2022
Flag → Flag
Top Product $3.11BRefined Petroleum
2022
Flag → Flag
Exports $31.5BRnk 4 / 213
2022
Flag → Flag
Top Product $27BCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 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$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

India-Australia Trade: In 2022, India exported $7.66B to Australia. The main products that India exported to Australia were Refined Petroleum ($3.11B), Packaged Medicaments ($397M), and Diamonds ($211M). Over the past 5 years the exports of India to Australia have increased at an annualized rate of 13.8%, from $4.01B in 2017 to $7.66B in 2022.

In 2022, India did not export any services to Australia.

Australia-India Trade: In 2022, Australia exported $31.5B to India. The main products that Australia exported to India were Coal Briquettes ($27B), Gold ($1.26B), and Petroleum Gas ($456M). Over the past 5 years the exports of Australia to India have increased at an annualized rate of 10.3%,  from $19.3B in 2017 to $31.5B in 2022.

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 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $937M and imported $1.56B from Australia, resulting in a negative trade balance of $621M. Between August 2023 and August 2024 the exports of India have decreased by $-296M (-24%) from $1.23B to $937M, while imports decreased by $-269M (-14.7%) from $1.83B to $1.56B.

Trade In August 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 August 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 August 2024, the decrease in India's year-by-year exports to Australia was explained primarily by an decrease in product exports in Petroleum Products ($-268M or -72.4%), Agro Chemicals ($-8.91M or -51.9%), and Motor Vehicle/Cars ($-8.03M or -61.8%). In August 2024, the decrease in India's year-by-year imports  from Australia was explained primarily by an decrease in product imports  in Coal,Coke And Briquittes Etc ($-422M or -35%), Processed Minerals ($-39.6M or -73.8%), and Other Crude Minerals ($-17.7M or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$-296M(-24%)
IMPORT GROWTH (August 2023 - August 2024)$-269M(-14.7%)

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 2022, India exported $7.66B to Australia. The main products exported from India to Australia were Refined Petroleum ($3.11B), Packaged Medicaments ($397M), and Diamonds ($211M). During the last 5 years the exports of India to Australia have increased at an annualized rate of 13.8%, from $4.01B in 2017 to $7.66B in 2022.

In 2017, Australia exported $31.5B to India. The main products exported from Australia to India were Coal Briquettes ($27B), Gold ($1.26B), and Petroleum Gas ($456M). During the last 5 years the exports of Australia to India have increased at an annualized rate of 10.3%, from $19.3B in 2022 to $31.5B in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Australia
Top DestinationChina$123B

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 2022, countries that imported more from India than Australia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Australia than India included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

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 2022, India had a large net trade with Australia in the exports of Mineral Products ($3.17B), Chemical Products ($876M), and Textiles ($718M).

During 2017, Australia had a large net trade with India in the exports of Mineral Products ($28.2B), Precious Metals ($1.31B), and Chemical Products ($691M).

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) (2022)

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