India and Canada have shared a bilateral trade for years. India is one of the fastest growing markets in Canada. The trade between India and Canada rose to 62 per cent in the last five years. Export import course online help people in clearing the concept of export import of India and Canada. Import export training in Ahmedabad is considered as the best place to learn international trading. India has been Canada’s ninth-largest export destination, with exports growing at an annual average of 8% between 2009 -2018. The India-Canada trade agreement is a Free Trade Agreement. The Government of India is transforming the country’s investment climate. One of the major missions is the goal of making India a five trillion dollar economy by 2024. The WTC report said the top 20 export items to Canada constituted about 37 per cent of India’s merchandise exports to Canada. India and Canada share a good and healthy trade relationship and both the countries are also negotiating a Comprehensive Economic Partnership Agreement (CEPA) which will be going to result in a better trading relationship. The bilateral trade between both the countries reached more than $6 billion by 2020 and is continuously increasing by each passing year. Canada imports a lot of items from India.
Here is the list of top Products Exported from India to Canada-
1 Rice 2 Tea & Coffee 3 Flours 4 Spices 5 Textile articles 6 Cotton Yarn 7 Processed food 8 Handicrafts 9 iron & Steel articles 10 Sea Food 11 Apparels 12 Organic Chemical 13 Carpets 7 Other floor coverings 14 Refined or Beet sugar 15 Electrical machinery & equipment 16 Knitted & Crocheted apparels 17 Gems & Pearls 18 Groundnuts 19 Spiritual Items 20 Fruits & Vegetables Bilateral trade in goods amounted to US $6.73 billion in 2019-20. India’s exports were US $ 2.85 billion and India’s imports were US $ 3.88 billion. Canada imports from all over the world stood at US $404.495 billion and exports stood at US $ 389.571 billion.
In 2020, Canada imports from India was US $3.72 Billion. The major imports in the year 2020 were-
- Pharmaceutical Products- $408.47 M
- Articles of Iron and Steel- $363.29 M
- Organic Chemical- $247.40 M
- Pearls, Precious stones, Metals- $246.96 M
- Machinery, Nuclear reactors, Boilers- $235.54 M
- Vehicles other than Railway, Tramway- $191.44 M
- Textile articles, Worn clothing- $167.59 M
- Electrical, Electronic equipment- $121.96 M
- Articles of apparel, Knit or Crocheted- $117.74 M
- Fish, Crustaceans- $115.97 M
It was all about Canadian imports. Let’s now talk about what India imports from Canada.
Here is a list of What India Imports from Canada-
- Industrial Chemical
- Paper & paperboard
- Copper
- Asbestos
- Iron Scrap
- Minerals
- Wood Pulp
- Fertilizers
- Machinery, Nuclear reactors
- Ores slag and ash
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