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India is Queensland’s second-largest export market and this relationship is built on a foundation of economic and institutional linkages, people-to-people ties, and a shared vision for a stable and prosperous Indo-Pacific. Following AI-ECTA, Australian investment in India increased by approximately 23.86% in 2023.

Queensland's trade relationship with India is substantial, with exports reaching US$ 4.5 billion and imports at US$ 375 million as per July 2024. This trade balance highlights a significant surplus in favor of Queensland, underscoring a robust export orientation. In the broader context of Queensland’s total global exports, which stands at US$ 113.8 billion, trade with India rests at 3.95%, reflecting its pottential in Queensland’s international economic interactions

Total bilateral trade (Goods & Services - Calender Year) increased from AUD 34.32 billion in 2021 to AUD 48.4 billion in 2022, registering a growth of 41%. India’s total exports to Australia grew by 38% from AUD 9.75 billion in 2021 to AUD 13.5 billion. Similarly, Australia’s exports to India grew by 42% from AUD 24.57 billion in 2021 to AUD 34.8 billion. India was Australia’s sixth largest trading partner in 2022.

Top 5 Exports from Queensland to India July 2024

Sno.

Commodity

1.

Dumpers designed for off-highway use

2.

Motor vehicles for the transport of persons (excl. for the transport of ten or more persons including the driver, motor vehicles specially designed for traveling on snow, golf cars, and similar vehicles)

3.

Jewelry, precious metals

4.

Pharmaceutical products-Medicaments, alkaloids, antibiotics

5.

Hydraulic and pneumatic power engines

Top 5 Imports from India in Queensland July 2024

Sno.

Commodity

1.

Bituminous Coal

2.

Alumina other than artificial corundum

3.

Diammonium hydrogen orthophosphate

4.

Cotton (excl. cotton liners) not carded or combed

5.

Chick peas, dried, shelled, whether or not skinned or split

Doing Business in India