Highlights:
Did you know? India and Canada have a strong trading relationship, with India being a major exporter of a wide range of goods to Canada. Knowing the primary goods that fuel this trade is crucial for companies hoping to take advantage of opportunities as the two nations' economies continue to grow.
Bilateral trade between the two nations was worth $9.36 billion in 2023. Additionally, India exports jewellery, pharmaceuticals, ready-made clothing, and gems to Canada. Pulses, newsprint, wood pulp, and iron and steel are among the goods that Canada imports from India. In this blog, we explore the top 10 products Canada imports from India and the reasons they are vital to the trade ecosystem.
Since 1947, India and Canada have maintained diplomatic relations based on long-standing people-to-people ties, growing economic engagement, democracy, pluralism, and frequent high-level contacts.
India ranked as Canada's ninth-largest Indo-Pacific merchandise trading partner, its thirteenth-largest worldwide, and its fourteenth-largest merchandise export destination in 2022.
As Canada fortifies its economic ties to the Indo-Pacific under a new, all-encompassing policy for the area, India is a crucial ally. The bilateral trade between Canada and India reached US$8.27 billion in FY23 and US$5.3 billion between April and November 2023.
By 2035, the India-Canada Comprehensive Economic Partnership Agreement (CEPA) is predicted to increase bilateral commerce between the two countries by US$4.4-6.5 billion (C$6-8.8 billion) and Canada's GDP by US$3.8-5.9 billion (C$5.1-8 billion). Also Read India's Export-Import Relations with Russia.
In 2022, India was Canada's tenth-largest trading partner, a priority market. Canada's new, all-encompassing strategy for the Indo-Pacific will see India as a critical partner as it fortifies its economic ties to the region.
Canada imports goods from India for several reasons, including:
Importing from India can be more economical because of its lower manufacturing costs compared to other nations.
Indian imports give Canadian companies access to a greater variety of products and resources.
To manufacture pharmaceuticals, agricultural inputs, and other chemicals, Canada imports organic chemicals from India.
Here is the list of export items from India to Canada
Now, let’s explore the table for products imported from India to Canada.
|
Top Rank |
Top 10 Products Canada Imports from India |
Import value |
|
1 |
Pharmaceutical products |
US$ 425.33 million |
|
2 |
Machinery, nuclear reactors, boilers |
US$ 283.28 million |
|
3 |
Articles of iron or steel |
US$ 246.21 million |
|
4 |
Electrical, electronic equipment |
US$ 242.11 million |
|
5 |
Pearls, precious stones, metals, coins |
US$ 186.83 million |
|
6 |
Organic chemicals |
US$ 179.86 million |
|
7 |
Optical, Photo, Technical, Medical Apparatus |
US$ 116.52 million |
|
8 |
Rubbers |
US$ 115.35 million |
|
9 |
Plastics |
US$ 113.82 million |
|
10 |
Coffee, tea, mate, and spices |
US$ 80.21 million |
These are the top 10 products that Canada imports from India. Pharmaceutical products are one of the most prominent products exported from India to Canada, with an import value of US$ 425.33 million. If you are looking for the best goods to import from India to Canada, explore Eximpedia’s data-driven dashboard anytime.
Note: Also Know India's Top 10 Imports Products
Now, it is time to explore what Canada exports to India:
Here is the list of export items from Canada to India
|
Top Rank |
Top 10 Products India Imports from Canada |
Import value |
|
1 |
Mineral fuels, oils, and distillation products |
$2.03B |
|
2 |
Pearls, precious stones, metals, coins |
$1.54B |
|
3 |
Edible vegetables and certain roots and tubers |
$677.38M |
|
4 |
Fertilizers |
$492.30M |
|
5 |
Pulp of wood, fibrous cellulosic material, waste |
$330.18M |
|
6 |
Iron and steel |
$288.11M |
|
7 |
Machinery, nuclear reactors, boilers |
$275.82M |
|
8 |
Ores slag and ash |
$245.87M |
|
9 |
Paper and paperboard, |
$229.20M |
|
10 |
Aircraft, spacecraft |
$194.35M |
These are the top 10 products India imports from Canada. Mineral fuels and distillation products are some of the most significant products exported from Canada to India, with an import value of $2.03 million. Experience Eximpedia's data-driven dashboard at any time to find the best deals on importing goods from India to Canada.
Note: Explore the main imports of Canada
Below is the list of top importers in Canada:
So, this is a list of Canadian importers who meet the country's growing demand for imported goods. Visit Eximpedia.app to obtain a complete list of importers in Canada.
There are numerous ways to find reliable buyers & suppliers from Canada. Finding all of the suppliers and buyers on one platform gives traders an opportunity and facilitates their evaluation of the active importers and exporters.
Here it is: Eximpedia, a leading dashboard for trade market analysis that offers information for over 130 nations. In addition, our dashboard provides data on:
Final Words!
So, India and Canada have a long history of bilateral relations based on a shared tradition of democracy, pluralism, and close personal ties. These relations are currently on the rise. Whether you are an importer searching for new suppliers or a company trying to break into the Canadian market, knowing these popular product categories can give you a competitive advantage.
With its emphasis on quality and up-to-date insights, Eximpedia can further improve trade opportunities globally. Do you want to know more about trade trends and data? Connect with the Eximpedia team of experts for detailed insights into India-Canada trade insights!
The top list of Canada imports from India is pharmaceutical products, Machinery, Articles of iron or steel, Electrical and electronic equipment, and Pearls and precious stones.
Pharmaceutical products are the main import from India to Canada, with an import value of $ 425.33 million. Other top items that are majorly imported into Canada from India are Organic chemicals, Optical, Photo, Technical, Medical Apparatus, rubber, Plastics, Coffee, tea, mate, and spices.
Many items are prohibited or restricted from being imported into Canada, including Firearms and weapons, Explosives, fireworks, ammunition, Counterfeit goods, Live animals and much more.
Eximpedia is a leading dashboard for trade market analysis that offers information for over 130 nations. In addition, our dashboard provides data insights on Global trade data, Canada imports from India insights, a List of importers in Canada, Top Importing Goods into Canada, Top commodity-wise HS Codes, and Global suppliers and buyers.
India and Canada had a $9.36 billion trade value in 2023, with Canada exporting $3.80 billion and India exporting $5.56 billion. These two nations' bilateral merchandise trade increased slightly to $8.4 billion in 2023–2024.
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