Brazil / India

Overview In September 2024, Brazil exported $342M and imported $751M from India, resulting in a negative trade balance of $409M. Between September 2023 and September 2024 the exports of Brazil have decreased by $-102M (-23.1%) from $444M to $342M, while imports increased by $211M (39.1%) from $540M to $751M.

Trade In September 2024, the top exports of Brazil to India were Soybean Oil ($171M), Crude Petroleum ($31.7M), Gold ($16.5M), Other Oily Seeds ($8.57M), and Scrap Iron ($7.37M). In September 2024 the top imports of Brazil from India were Refined Petroleum ($54.4M), Pesticides ($53.3M), Nitrogen Heterocyclic Compounds ($49.3M), Packaged Medicaments ($30.3M), and Organo-Sulfur Compounds ($26.4M).

Origins In September 2024 the exports of Brazil were mainly from São Paulo ($73.7M), Rio de Janeiro ($54.6M), Mato Grosso ($52.2M), Paraná ($26.1M), and Minas Gerais ($23.4M), while imports destinations were mainly São Paulo ($268M), Maranhão ($95.5M), Santa Catarina ($89.3M), Minas Gerais ($59.8M), and Paraná ($51.5M).

Growth In September 2024, the decrease in Brazil's year-by-year exports to India was explained primarily by an decrease in product exports in Crude Petroleum ($-104M or -76.7%), Gold ($-49M or -74.8%), and Pepper ($-2.2M or -69.9%). In September 2024, the increase in Brazil's year-by-year imports  from India was explained primarily by an increase in product imports  in Nitrogen Heterocyclic Compounds ($14.9M or 43.2%), Pesticides ($8.31M or 18.5%), and Organo-Sulfur Compounds ($6.58M or 33.2%).