Bilateral trade from April to September 2007 is US $ 4967.27 million recording a growth of 29.41% for the same period in 2006.
The compounded Annual Growth Rate during 2001-02 and 2006-07 is 14.14% for exports and 32.31% for imports. For total trade during the same period, the CAGR is 28.96%.
India's exports to Australia in 2006-07 were US $ 924.78 million, an increase of 12.61% from 2005-06. India's imports in 2006-07 was US $ 7008.01 million, an increase of 41.64% over 2005-06.
Australia's trade in services with India during 2006-07 was US $ 1895 million. Of this, the import of services was US $ 360 million and the export was US $ 1536 million.
The major items of India's exports are gems & jewellery, metals, machinery & instruments, cotton yarn, fabrics, drugs & pharmaceuticals. The major imports consists of gold, coal, coke and briquettes, metal ore, metal scraps and non-ferrous metals.
Press Information Bureau Government of India
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