Key Highlights

• India’s total export to Brazil had reached $6.443B in FY 2024 despite a marginal 3.33% downscale.

• Automobiles and their parts recorded the highest growth at 40.96% year-on-year.

• India’s imports from Brazil stand at $5.502B, declining by 14.96%.

• Trade surplus noted by 383%, reaching $941.277M in FY 2024.

Get Access To India-Brazil Trade Data

India and Brazil, both countries, have always shared warm ties since 1948, with a strong foundation laid on mutual respect, and south-south, and have shared the same opinion on global platforms like BRICS. Over the decades, this bond has evolved from political alignment into a strong and steadily commendable economic partnership.

Presently, India's exports to Brazil have a dynamic range of products, including pharmaceuticals, chemicals, textiles, automobile parts, and refined petroleum. As India-Brazil trade resumes to grow, the upscaling demand for affordable and high-quality products has reinforced Brazil import from India, strengthening commercial engagement between the two major emerging economies.

The trade trend is picking up, and sectoral collaboration is expanding; some particular categories of products stand out as the primary pilot of this partnership. Let’s explore the top five products exported from India to Brazil that are shaping the future of reciprocal trade.

Top 5 Products Exported From India To Brazil

HS Code	Products	Value (USD)
38	Miscellaneous chemical products	$1.06B
27	Mineral fuel, mineral oils and products of their distillation	$791.69M
29	Organic chemicals	$714.72M
84	Nuclear reactors, boilers, machinery and mechanical appliances	$673.85M
87	Vehicles other than railway or tramway; parts and accessories	$649.69M

 

The largest share value of exports came from the miscellaneous chemical products, followed by mineral fuels and oils, and organic chemicals.

Machinery and mechanical appliances also hold a prominent position with high trade value. Noticing the export of vehicles and their parts set the highest growth each year of 40.96%, making it the fastest- growing export category from India to Brazil in FY 2024.

In 2024, India's total export to Brazil reached $6.44 billion, mirroring a minor decline of of 3.33% compared to FY 2023. Despite this minor drop, a few categories of products perform strongly. Let's dive into the:

Top 5 Imports From India To Brazil

HS Code	Products	Value (USD)
17	Sugar and sugar confectionery	$1.75B
27	Mineral fuel, mineral oils and products of their distillation	$1.06B
15	Animal or vegetable fats and oil and their cleavage products	$776.20M
72	Nuclear reactors, boilers, machinery and mechanical appliances	$389.17M
07	Edible vegetables and certain roots and tubers	$138.84M

 

During FY 2024, India has imported goods of various categories worth $5.50 billion from Brazil, which is a 14.96% decline from FY 2023.

The major share or import was from sugar and sugar products, followed by minerals, fuels, oils, and animal or vegetable fats and oils. India also imported iron and steel, as well as edible vegetables and roots from Brazil.

Although there was a decline in imports, the edible vegetables and some roots experienced an upscaling growth of 102.09% from FY 2023.

The Trade flow: India to Brazil

In FY 2024 India saw its trade surplus with Brazil go up by about 383% to $941.27M from $194.94M in FY 2023. While the country reported the biggest trade deficits in FY 2024, the biggest trade surpluses were recorded respectively.

The India-Brazil trade collaboration continues to be reinforced, driven by primary exports like chemicals, fuel, machinery, and vehicles, while essential imports maintain balance. The rise in trade highlights India`s growing and expanding opportunities in the Brazilian market.

In this trade evolution landscape, The Dollar Business allows exporters and importers to make data-driven steps through verified global contacts of traders, helping businesses reduce risk and scale confidently in international markets.

Frequently Asked Questions

1. What are the top categories of products India exports to Brazil?
Miscellaneous chemical products, mineral fuels and oils, organic chemicals, machinery, and automobiles are the top export categories.

2. How much did India export to Brazil in FY 2024?
India exported products worth $6.44B to Brazil in FY 2024.

3. What are the primary imports of India to Brazil?
Sugar, mineral fuels, animal and vegetable oils, iron and steel, and edible vegetables are the primary imports.

4. Did India record a trade surplus with Brazil in 2024?
Yes, India recorded a trade surplus with Brazil in 2024 of $941.27 M.

5. How can businesses identify export opportunities between India and Brazil?
Businesses can upgrade themselves with verified trade intel platforms like EX-IM by The Dollar Business to analyze product demand, growth trends, and buyer-supplier data before making any key decision.

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