NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $5.03BRnk 13 / 221
2023
Flag → Flag
Top Product $1.38BSoybean Oil
2023
Flag → Flag
Exports $7.3BRnk 15 / 220
2023
Flag → Flag
Top Product $946MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Brazil-India Trade: In 2023, Brazil exported $5.03B to India. The main products that Brazil exported to India were Soybean Oil ($1.38B), Raw Sugar ($1.26B), and Crude Petroleum ($625M). Over the past 5 years the exports of Brazil to India have increased at an annualized rate of 3%, from $4.34B in 2018 to $5.03B in 2023.

In 2023, Brazil did not export any services to India.

India-Brazil Trade: In 2023, India exported $7.3B to Brazil. The main products that India exported to Brazil were Refined Petroleum ($946M), Pesticides ($563M), and Nitrogen Heterocyclic Compounds ($497M). Over the past 5 years the exports of India to Brazil have increased at an annualized rate of 12.6%,  from $4.04B in 2018 to $7.3B in 2023.

In 2023, India did not export any services to Brazil.

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $550M and imported $581M from India, resulting in a negative trade balance of $30.2M. Between December 2023 and December 2024 the exports of Brazil have increased by $60.8M (12.4%) from $490M to $550M, while imports increased by $147M (33.9%) from $434M to $581M.

Trade In December 2024, the top exports of Brazil to India were Crude Petroleum ($176M), Raw Sugar ($150M), Soybean Oil ($29.2M), Scrap Iron ($18.1M), and Other Oily Seeds ($7.81M). In December 2024 the top imports of Brazil from India were Nitrogen Heterocyclic Compounds ($37.3M), Pesticides ($36.8M), Packaged Medicaments ($25.6M), Organo-Sulfur Compounds ($19.9M), and Nucleic Acids ($18.2M).

Origins In December 2024 the exports of Brazil were mainly from São Paulo ($124M), Mato Grosso ($57.7M), Paraná ($55.4M), Mato Grosso do Sul ($49M), and Minas Gerais ($27.5M), while imports destinations were mainly São Paulo ($199M), Santa Catarina ($72.9M), Minas Gerais ($57.2M), Paraná ($41.1M), and Amazonas ($39.6M).

Growth In December 2024, the increase in Brazil's year-by-year exports to India was explained primarily by an increase in product exports in Crude Petroleum ($144M or 454%), Scrap Iron ($10.7M or 145%), and Large Construction Vehicles ($1.61M or 1.31k%). In December 2024, the increase in Brazil's year-by-year imports  from India was explained primarily by an increase in product imports  in Nucleic Acids ($7.83M or 75.1%), Bi-Wheel Vehicle Parts ($4.99M or 76.4%), and Synthetic Filament Yarn Woven Fabric ($4.37M or 410%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$60.8M(12.4%)
IMPORT GROWTH (December 2023 - December 2024)$147M(33.9%)
MAIN EXPORTER (December 2024)São Paulo$124M

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

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

For full datasets download visit Bulk Download page.

Explore India and Brazil Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $5.03B to India. The main products exported from Brazil to India were Soybean Oil ($1.38B), Raw Sugar ($1.26B), and Crude Petroleum ($625M). During the last 5 years the exports of Brazil to India have increased at an annualized rate of 3%, from $4.34B in 2018 to $5.03B in 2023.

In 2018, India exported $7.3B to Brazil. The main products exported from India to Brazil were Refined Petroleum ($946M), Pesticides ($563M), and Nitrogen Heterocyclic Compounds ($497M). During the last 5 years the exports of India to Brazil have increased at an annualized rate of 12.6%, from $4.04B in 2023 to $7.3B in 2018.

Exports from Brazil (Flag) to India (Flag) (2023)

Exports from India (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Brazil than India included China ($106B), Argentina ($17.2B), and Chile ($8.68B).

In 2023, countries that imported more from India than Brazil included United States ($85.5B), United Arab Emirates ($28.8B), and United Kingdom ($14.4B).

Difference in imports from India (Flag) and Brazil (Flag) (2023)

Comparative Advantage Brazil - India

Flow
Scale

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

During 2023, Brazil had a large net trade with India in the exports of Foodstuffs ($1.39B), Animal and Vegetable Bi-Products ($1.39B), and Mineral Products ($854M).

During 2018, India had a large net trade with Brazil in the exports of Chemical Products ($3.02B), Machines ($1.14B), and Mineral Products ($1.07B).

Potential Exports

Potential Exports

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

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Brazil (Flag) and India (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms