30-Oct-2024
Key Highlights:
Pharmaceutical products are the main import from India to Canada. In 2023-24, US$ 425.33 million worth of pharmaceutical products were imported from India to Canada.
The most updated list of importers in Canada includes 20/20 Accessory Source Ltd., Amazon.com.inc., Canadian Tire Corporation Limited, First Chemical Limited, Belkin, Inc., and Globe Commercial Products Inc.
The top imports from India to Canada are pharmaceutical products, machinery, nuclear reactors, boilers, articles of iron or steel, electrical and electronic equipment, pearls, precious stones, metals, coins, and organic chemicals.
According to the United Nations Commerce database on international trade, Canada imported $5.58 billion worth of goods from India in 2023.
Canada's economy is vibrant and varied. It is highly dependent on natural resources and prospers in the service industry. The World Bank reports that in 2023, Canada's imports of commodities and services as a percentage of GDP were a noteworthy 33.71%, demonstrating the depth and diversity of its commerce.
A major feature of Canada's economy is its reliance on imported manufactured goods. The most sought-after imports are industrial machinery and automobiles and their parts. These things are essential to the smooth operation of the national economy. Additionally, this blog will explore the list of goods that import from India to Canada and their significance in preserving the strength of the Canadian economy.
According to the United Nations Commerce database on international trade, Canada imported $5.58 billion worth of goods from India in 2023.
Although Canada's main import partners are the United States, China, Mexico, and Germany, India also plays an important role in importing goods into Canada.
The United States accounts for 49% of Canada's total imports, China 14%, Mexico 5.5%, and Germany 3.1%.
Recently, the amount of trade between Canada and India has increased. The amount of goods that import from India to Canada is increasing.
The main products imported from India to Canada include food, clothing, electronics, machinery, and medications. Because Indian medications are more affordable and of higher quality, Canada is purchasing more of them.
Additionally, because they are well-made and reasonably priced, Indian clothing and machinery are well-liked in Canada. The economies of both nations are expanding as a result of clothing imports in Canada from India.
Here is the list of products imported from India to Canada:
|
S.no. |
List of export items from India to Canada |
Import value |
|
1 |
Pharmaceutical products |
US$ 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 |
The following is a list of the top products imported from Canada, based on import data:
Pharmaceuticals: Canada imports medications to support its pharmaceutical industry, maintain access to innovative treatments, and keep drug prices under control.
Machinery, nuclear reactors, and boilers: Canada imports from India a vast array of machinery, nuclear reactors, and boilers. This gives access to affordable alternatives and state-of-the-art technologies.
Articles of iron or steel: To obtain certain kinds, quantities, and maybe lower costs, Canada imports from India a wide range of steel pipes, tools, construction supplies, and machinery parts.
Electronic Machinery: In order to obtain access to state-of-the-art technology, Canada imports specialized electronic machinery used in manufacturing and other industrial applications.
Gems and metals: In order to meet the demand for jewellery, electronics, and industrial applications, Canada imports gold, diamonds, and other valuables, which supports its mining sector.
Organic chemicals: India's exports of organic chemicals to Canada point to a need for raw materials in Canada for the production of chemicals, pharmaceuticals, and agricultural inputs.
Optical, Photo, Technical, Medical Apparatus: Healthcare appliances, surgical tools, and diagnostic equipment are examples of medical items that are imported from India and help to improve healthcare services in Canada.
Rubbers: The continuous demand for rubber imports emphasises the value of rubber in Canadian businesses and the two countries' bilateral economic relationship.
Plastics: A wide range of consumer items, including packaging materials, building materials, home goods, medical gadgets, and more, may be manufactured in Canada using imported plastics from India.
Coffee, tea, mate, and spices: The significant value of these importing goods into Canada shows the importance of India as a key supplier and the need for these goods in Canada.
Thus, these are the top things that Canada imports from India. Use our Canada importers database to remain current on import data from Canada.
Here are the top importers importing goods from Canada to India:
20/20 Accessory Source Ltd.
Amazon.Com.Ca, Inc.
Canadian Tire Corporation Limited
First Chemical Limited
Belkin, Inc.
Globe Commercial Products Inc.
Mps Canada Co.
Sephora Beauty Canada, Inc.
T J Trading Co., Inc
Rocket Lite Inc.
Here is the list of importers in Canada that cater to the emerging demand for imported products in the nation. To get the full list of canada’s importers, visit Expportimportdata.in
Understanding the intricacy of the Canada importers database is necessary before you can obtain the most recent list of Canada's top import commodities and importers.
Given its size, Canada may be a viable market for a range of goods. Businesses must follow trade regulations, understand market trends and HS codes, and be aware of the precise top imports from Canada to import goods profitably.
To acquire precise Canada importer data, businesses need to look for up-to-date and accurate import information from the leading import-export data providers, like Exportimportdata.in, and acquire international trade data as soon as possible.
The Final Words!
In the end, we have taken an overview of how Canada's import trend serves as a significant indicator of its economic structure, regional variations, and integration into the international market. As a result, importing goods into Canada offers a comprehensive picture of the nation's economic status and the dynamics of international commerce.
In order to meet its varied demands, Canada consciously invests in international trade, whether it be in machinery, auto parts, or precious metals. We hope you like our informative blog about the top 10 Canada imports from India in 2023.
If you have any query concerning HS codes, export/import information, or the Canada importers database, please get in touch with Exportimportdata.in. Our professionals will help you out by guiding in the best manner. For more information, schedule a free demo!
Export Import Data solutions is one of the best online import export websites in India that provides trade data services and trading business information. Currently, Export import data is the best import export data provider and market research companies in India.
As per Canada import data, Canada imported $5.58 billion worth of goods from India in 2023.
The top importers importing goods from Canada to India are 20/20 Accessory Source Ltd., Amazon.com.ca, Inc., Canadian Tire Corporation Limited, First Chemical Limited, Belkin, Inc., and Globe Commercial Products Inc.
Canada imports from India a vast array of machinery. This gives access to affordable alternatives and state-of-the-art technologies.
To acquire precise Canada importer data, businesses need to look for up-to-date and accurate import information from the leading import-export data providers, like Exportimportdata.in, and acquire international trade data as soon as possible.
Canada’s imports of organic chemicals from India point to a need for raw materials in Canada for the production of chemicals, pharmaceuticals, and agricultural inputs.
