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2022
Flag → Flag
Exports $3.17BRnk 11 / 217
2022
Flag → Flag
Top Product $3.51BRefined Petroleum
2022
Flag → Flag
Exports $4.88BRnk 11 / 223
2022
Flag → Flag
Top Product $2.36BSoybean Oil
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186

About

India-Brazil Trade: In 2022, India exported $3.17B to Brazil. The main products that India exported to Brazil were Refined Petroleum ($3.51B), Pesticides ($1.06B), and Nitrogen Heterocyclic Compounds ($354M). Over the past 5 years the exports of India to Brazil have increased at an annualized rate of 84.9%, from $147M in 2017 to $3.17B in 2022.

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

Brazil-India Trade: In 2022, Brazil exported $4.88B to India. The main products that Brazil exported to India were Soybean Oil ($2.36B), Crude Petroleum ($1.86B), and Gold ($806M). Over the past 5 years the exports of Brazil to India have increased at an annualized rate of 67.8%,  from $366M in 2017 to $4.88B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Latest Trends

April, 2024

About

Overview In April 2024, India exported $485M and imported $298M from Brazil, resulting in a positive trade balance of $187M. Between April 2023 and April 2024 the exports of India have decreased by $-157M (-24.4%) from $642M to $485M, while imports decreased by $-9.4M (-3.06%) from $308M to $298M.

Trade In April 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 April 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 April 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 ($-7.5M or -36%). In April 2024, the decrease in India's year-by-year imports  from Brazil was explained primarily by an decrease in product imports  in Gold ($-44.5M or -75.5%), Pulses ($-9.01M or -47.9%), and Iron And Steel ($-8.53M or -39.8%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (April 2023 - April 2024)$-157M(-24.4%)
IMPORT GROWTH (April 2023 - April 2024)$-9.4M(-3.06%)

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.

For full datasets download visit Bulk Download page.

Explore Brazil and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $3.17B 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 5 years the exports of India to Brazil have increased at an annualized rate of 84.9%, from $147M in 2017 to $3.17B in 2022.

In 2017, Brazil exported $4.88B 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 22 years the exports of Brazil to India have increased at an annualized rate of 67.8%, from $366M in 1995 to $4.88B in 2017.

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

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

Market Competitiveness

Color
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 2022, countries that imported more from India than Brazil included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

In 2022, countries that imported more from Brazil than India included China ($90.1B), Argentina ($15.4B), and Chile ($9.17B).

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

Comparative Advantage India - Brazil

Flow
Scale

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 2017, 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Brazil+$873MRefined Petroleum
Top Product Potential Brazil India+$1.65BCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of India and Brazil. This means that a dot/product with the flag of India indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over India.

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

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