- Bilateral Trade, Export, Import
- 16 November 2023

India-Brazil Bilateral Trade – Analysis of India’s Positive Trade with Brazil
Brazil is one of the most important trading partners of India in the entire LAC (Latin America and Caribbean) region. India-Brazil bilateral trade has doubled in the last two years. India’s trade balance with Brazil totalled USD 2,608 million in 2022, a substantial increase from 2021’s USD 1,334 million. India’s top import commodity from Brazil in 2022 was crude soya-bean oil, while India’s top export product to Brazil was automotive diesel fuel. Brazil is among the top 10 countries that recorded a positive trade with India in 2022. Here is in-depth analysis of India-Brazil bilateral trade relations.
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