Brazil / India

Overview In August 2024, Brazil exported $286M and imported $561M from India, resulting in a negative trade balance of $275M. Between August 2023 and August 2024 the exports of Brazil have decreased by $-182M (-38.9%) from $468M to $286M, while imports decreased by $-139M (-19.9%) from $700M to $561M.

Trade In August 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 August 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 August 2024 the exports of Brazil were mainly from São Paulo ($77.6M), Mato Grosso ($39.5M), Paraná ($31.8M), Minas Gerais ($22.1M), and Goiás ($20.9M), while imports destinations were mainly São Paulo ($216M), Santa Catarina ($70.2M), Minas Gerais ($61.9M), Rio de Janeiro ($37.4M), and Paraná ($35.1M).

Growth In August 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 ($-2.2M or -69.9%). In August 2024, the decrease in Brazil's year-by-year imports  from India was explained primarily by an decrease in product imports  in Refined Petroleum ($-88.9M or -62%), Non-Retail Synthetic Filament Yarn ($-8.44M or -63.1%), and Raw Aluminium ($-6.6M or -59.4%).