India (IND) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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India-Brazil In 2022, India exported $9.78B to Brazil. The main products that India exported to Brazil are Refined Petroleum ($3.51B), Pesticides ($1.06B), and Nitrogen Heterocyclic Compounds ($354M). During the last 27 years the exports of India to Brazil have increased at an annualized rate of 16.8%, from $147M in 1995 to $9.78B in 2022.

In 2022, India did not export any services to Brazil.

Brazil-India In 2022, Brazil exported $6.43B to India. The main products that Brazil exported to India were Soybean Oil ($2.36B), Crude Petroleum ($1.86B), and Gold ($806M). During the last 27 years the exports of Brazil to India have increased at an annualized rate of 11.2%, from $366M in 1995 to $6.43B in 2022.

In 2022, Brazil did not export any services to India.

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.29), and 25 in total exports ($341B).

Latest Trends

January, 2024

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Overview In January 2024, India exported $389M and imported $872M from Brazil, resulting in a negative trade balance of $482M. Between January 2023 and January 2024 the exports of India have decreased by $-167M (-30%) from $556M to $389M, while imports increased by $299M (52.3%) from $572M to $872M.

Trade In January 2024, the top exports of India to Brazil were Petroleum Products ($188M), Agro Chemicals ($73.2M), Drug Formulations, Biologicals ($37.5M), Auto Components/Parts ($27.8M), and Residul Chemicl And Alled Prod ($15M). In January 2024 the top imports of India from Brazil were Vegetable Oils ($225M), Petroleum: Crude ($150M), Sugar ($38.2M), Iron Ore ($26.1M), and Alcoholic Beverages ($20.2M).

Growth In January 2024, the decrease in India's year-by-year exports to Brazil was explained primarily by an decrease in product exports in Agro Chemicals ($-45.5M or -38.3%), Petroleum Products ($-18.2M or -8.82%), and Indl. Machnry For Dairy Etc ($-7.5M or -36%). In January 2024, the increase in India's year-by-year imports from Brazil was explained primarily by an increase in product imports in Vegetable Oils ($119M or 112%), Iron Ore ($7.8M or 42.7%), and Machine Tools ($1.19M or 111%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-167M(-30%)

IMPORT GROWTH (January 2023 - January 2024)$299M(52.3%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Brazil and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $9.78B to Brazil. The main products exported from India to Brazil were Refined Petroleum ($3.51B), Pesticides ($1.06B), and Nitrogen Heterocyclic Compounds ($354M). During the last 27 years the exports of India to Brazil have increased at an annualized rate of 16.8%, from $147M in 1995 to $9.78B in 2022.

In 2022, Brazil exported $6.43B to India. The main products exported from Brazil to India were Soybean Oil ($2.36B), Crude Petroleum ($1.86B), and Gold ($806M). During the last 27 years the exports of Brazil to India have increased at an annualized rate of 11.2%, from $366M in 1995 to $6.43B in 2022.

Exports from India () to Brazil () (2022)

Exports from Brazil () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Brazil
Top DestinationChina$90.1B

This map shows whether countries import more from India or Brazil. Each country is colored based on the difference in imports they receive from India and Brazil or the difference in the growth in imports.

In 2021, countries that imported more from India than Brazil were United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

In 2021, countries that imported more from Brazil than India were China ($90.1B), Argentina ($15.4B), and Chile ($9.17B).

Difference in imports from Brazil () and India () (2022)

Comparative Advantage India - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between India and Brazil by product, considering products traded by both, India and Brazil.

During 2022, India had a large net trade with Brazil in the exports of Mineral Products ($3.61B), Chemical Products ($3.12B), and Machines ($917M).

During 2022, Brazil had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($2.37B), Mineral Products ($2.11B), and Precious Metals ($817M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over Brazil. Similarly, the more yellow a dot/product is, the more Brazil has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Brazil () (2022)

Exports from Brazil () to India () (2022)

Market Competitiveness

Difference in imports from Brazil () and India () (2022)

Comparative Advantage India - Brazil

Economic Complexity

Competitive Landscape

Product Space of India () and Brazil () (2022)

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