Key Highlights

• A detailed overview of India-Australia bilateral trade.

• Reliance Industries Pty Limited, Mahindra Automotive Australia Pty Ltd, and Arrow Pharmaceuticals Pty Ltd are the top importers of Australia.

• The total exports of the top 5 products India exports to Australia amounted to $2.37 billion during 2024-25.

• Mineral products classified under HS code 2710 rank first in the top products India exports to Australia.

• Reliance tops the exporters list of India exports to Australia.
  
  

India-Australia Trade Landscape

The India-Australia trade has been growing rapidly over the past few years. The dynamic partnership spreads across the exchange of goods, services, investments, intellectual properties, etc. Both the countries trade goods majorly to supplement the gap in local production, fulfill consumers' demand for specific types of goods not produced locally, and create multiple opportunities. The bilateral trade is driven by consumers' rising demand for global variation. urge for economic growth and diversification of consumer markets. 

Top 5 Products India Exports To Australia

 

Top 5 Products Fueling India's Exports to Australia

1. Mineral Products

India exports mineral products to Australia to leverage competitive prices and diversify the consumer base. Australia imports these products to supplement demand for mineral products in industrialization and manufacturing processes. As per export data, mineral products ranked first in top exported products, with exports worth $1.39 billion during 2024-25.

2. Pharmaceutical products

India’s cost-effective, large-scale medicine production is known globally. India exports pharmaceutical products to Australia to supplement its high demand and fulfill the low domestic production gap. As per export-import data, Strides Pharma Science Limited ranks first in the top pharma exporters. It contributed 12.52% of India's total pharmaceutical exports to Australia.

3. Gems & jewelry

India’s craftsmanship and usage of modern machinery in jewelry are well known globally. Australia imports gems and jewelry from India to meet the high demand of its consumers for high-value jewelry. As per import data, Australia imported gems and jewelry worth $230.91 million during 2024-25.

4. Vehicles

India’s vehicle exports to Australia are backed by its strong automotive manufacturing capacity. large-scale cost-effective production, a huge pool of skilled workers, and implementation of the Economic Trade Agreement. Mahindra and Mahindra Limited ranks first in the top vehicle exporters list. It contributed 69% of India's total vehicle exports to Australia.

5. Machinery and Mechanical Appliances

India exports machinery and mechanical appliances to Australia to meet their consumers' demand for Indian-made high-quality, affordable, and reliable machinery that meets international standards. India exported $109.77 million worth of machinery and machinery appliances to Australia during 2024-25.
 

India-Australia Free Trade Agreement Product List

The India-Australia Free Trade Agreement benefits bilateral trade between both nations. It aims to create ease of trade with reduced tariffs and reduced dependency on a single source of import.

The India-Australia Free Trade Agreement product list includes textiles/apparel, leather/footwear, gems and jewelry, agriculture, machinery, electrical goods, furniture, fish products, pharmaceuticals, and machinery and electrical products.
 

Top 5 Companies Fueling Exports To Australia From India

 

The top five companies fueling India exports to Australia business depict the strong trade relation between India and Australia. There is a significant gap between the export value of Reliance compared to the others. It tops the list of exporters by contributing 57.09% of the total export of the top five products. Followed by Mahindra and Mahindra Limited and Strides Pharma Science Limited, contributing 4.46% and 2.56% to the top five exports to Australia, respectively. Maruti Suzuki India Limited and KEI Industries Limited mark their place in the top five by contributing 1.99% and 1.94%, respectively.
 

How To Export Products To Australia From India?

Research the Australian market, and check if your product meets their quality standard demands. Through the HS code, check the eligibility of your product under the ECTA product category and document the requirement for customs clearance. Reach out to verified buyers through the Ex-Im application, arrange transport, and export the goods to buyers in Australia.

In a Nutshell

The India-Australia trade relation has been growing for the past few years. The governments of both nations are together working towards economic growth and non-dependence on a single source of resources. Their strategic approach and under-process initiative to cover investments and service exchange carry the potential to strengthen the trade further.

If you aim to leverage the FTA and diversify your product basket, it's the right time to enter. You can start by researching about the product with the HS code. Start exporting your chosen product by monitoring the buyers' trade and reaching out to them on verified contact details through the Ex-Im application by The Dollar Business.
 

Frequently Asked Questions (FAQs)

1. What is ECTA in India-Australia trade?

The India-Australia Economic Trade Agreement (ECTA) is a trade deal signed in April 2022 and implemented in December 2022. It was implemented to boost the bilateral trade of goods between both nations through tariff reductions.

2. What is CECA in India-Australia trade?

The India-Australia Comprehensive Economic Cooperation Agreement is an under-negotiation agreement. It is a comprehensive agreement that will build the ECTA and cover deeper commitments like the exchange of goods, services, investments, intellectual property, and regulatory cooperation.

3. What is the impact of the recognition agreement on the trade of organic products between India and Australia?

The India-Australia Mutual Recognition Agreement will approve each other's certificates and recognitions instead of creating duplication. It will enhance the trade of organic products, create ease of market access for farmers, and reduce trade costs.

4. What does India import from Australia?

India leverages Australia’s rich resources of raw materials. It imports from Australia majorly to support its growing industrialization. The imports from Australia include coal, gold, dried legumes, copper, iron, cotton, aluminum scraps, etc.

5. What are the benefits of the India-Australia FTA?

The India-Australia FTA benefits include tariff elimination, which in turn boosts trade and creates ease of access for the SMEs and farmers. It supports the growth of labor-intensive sectors and helps create diversification of the export products and markets. You can leverage these benefits by monitoring market trends and exporting to verified buyers obtained through the Ex-Im application.

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