India / Australia

Overview In July 2024, India exported $669M and imported $1.03B from Australia, resulting in a negative trade balance of $358M. Between July 2023 and July 2024 the exports of India have decreased by $-201M (-23.1%) from $869M to $669M, while imports decreased by $-426M (-29.3%) from $1.45B to $1.03B.

Trade In July 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 July 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 July 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 ($-8.03M or -61.8%). In July 2024, the decrease in India's year-by-year imports  from Australia was explained primarily by an decrease in product imports  in Coal,Coke And Briquittes Etc ($-422M or -35%), Processed Minerals ($-39.6M or -73.8%), and Other Crude Minerals ($-17.7M or -100%).