Brazil-India Bilateral Trade Analysis 2023
Complete trade statistics: $11.99B total volume •Brazil deficit: $2.16B
Brazil → India
$4.91B
Exports (2023)
India → Brazil
$7.07B
Imports (2023)
Trade Balance
$2.16B
Deficit for Brazil
Total Trade
$11.99B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Brazil and India. Green line shows exports from Brazil, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Brazil-India commercial relationship and competitive positioning in global markets.
Brazil → India Exports
Export Market Intelligence
🎯 Strategic Export Focus
Brazil's export portfolio to India demonstrates strong diversification across multiple sectors, with vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified representing a key competitive advantage in this bilateral market.
India → Brazil Imports
Import Dependency Profile
📦 Import Strategy Analysis
Brazil's import pattern from India reveals strategic sourcingin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Brazil demonstrates competitive strength in exportingvegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified to India, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $11.99B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Brazil-India Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $11.99 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Brazil maintains a deficit of $2.16 billion
- Export Focus: Brazil's primary exports include vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified, sugars: cane sugar, raw, in solid form, other than as specified in subheading note 2 to this chapter, not containing added flavouring or colouring matter, oils: petroleum oils and oils obtained from bituminous minerals, crude
- Import Dependencies: Key imports from India include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, insecticides: other than containing goods specified in subheading notes 1 & 2 to this chapter: put up in forms or packings for retail sale or as preparations or articles
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $11.99B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Brazil leveraging its comparative advantages in vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Brazil's specialization in vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modifiedcomplements India's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $11.99B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $11.99B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $11.99 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Brazil's trade deficit of $2.16 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Brazil and India represents a total trade volume of $11.99 billion in 2023. This partnership demonstrates an unfavorable trade balance for Brazil, with imports exceeding exportsby $2.16 billion.
Export Strengths
Brazil's exports to India total $4.91 billion, with competitive advantages in vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified, representing $1.30B or26.4% of bilateral exports.
Import Dependencies
Imports from India amount to $7.07 billion, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising16.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Brazil's strategic sourcing from India. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
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Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023