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

About

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.

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.

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

Latest Trends

November, 2024

About

Overview In November 2024, India exported $472M and imported $497M from Brazil, resulting in a negative trade balance of $24.8M. Between November 2023 and November 2024 the exports of India have increased by $83.3M (21.4%) from $389M to $472M, while imports increased by $84.6M (20.5%) from $412M to $497M.

Trade In November 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 November 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 November 2024, the increase in India's year-by-year exports to Brazil was explained primarily by an increase in product exports in Drug Formulations, Biologicals ($15.4M or 69.9%), Ic Engines And Parts ($4.42M or 52.7%), and Other Construction Machinery ($3.98M or 118%). In November 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

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$83.3M(21.4%)
IMPORT GROWTH (November 2023 - November 2024)$84.6M(20.5%)

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 2023, 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 2018 to $7.3B in 2023.

In 2018, 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 2023 to $5.03B in 2018.

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

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

Market Competitiveness

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

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

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

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

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 2023, India had a large net trade with Brazil in the exports of Chemical Products ($3.02B), Machines ($1.14B), and Mineral Products ($1.07B).

During 2018, 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).

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) (2023)

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