Brazilian Exports to India: A 16% Surge in 2024
According to SECEX - Foreign Trade Secretariat, in 2024 Brazilian exports to India experienced a remarkable growth of 16%. Between January and December, Brazil exported over 8 million tons of goods to the Indian market. This significant increase highlights the strengthening trade relationship between these two nations and signals a positive trend in Brazil's export economy.
Angelo Mattioli Neto
2/2/20251 min read
Growth of Brazilian Exports in 2024
According to SECEX - Foreign Trade Secretariat, in 2024 Brazilian exports to India experienced a remarkable growth of 16%. Between January and December, Brazil exported over 8 million and 470 thousand tons of goods to the Indian market. This significant increase highlights the strengthening trade relationship between these two nations and signals a positive trend in Brazil's export economy.
Economic Impact of Exports
The financial implications of this growth are substantial for Brazil. Exports to India injected more than 5 billion and 261 million US dollars into the Brazilian economy. This inflow of capital not only contributes to the overall economic landscape but also enhances Brazil's position in the global market. With the demand for Brazilian goods increasing, there are ample opportunities for further economic development.
Main Products and Origin States
Among the key products exported from Brazil to India, over 80% comprised sugar, crude petroleum oil, soybean oil, and wood. These commodities play a crucial role in the trade dynamics, fulfilling the needs of the Indian market while providing a significant revenue stream for Brazil. The primary states contributing to these exports include São Paulo, Rio de Janeiro, Minas Gerais, Paraná, Goiás, and Mato Grosso, which collectively represent more than 80% of the cargo sent to India.
As Brazil aims to diversify its market, the surge in exports to India serves as a testament to the ongoing growth and potential of bilateral trade relations. The projections for future exports appear optimistic, paving the way for stronger economic ties and opportunities for both nations.