India’s exports to Latin America amounted to USD 12.74 billion in 2020-21 (April-March), according to the figures released by the Commerce Ministry of India. The exports to the region have declined marginally by 3.3 percent from USD 13.18 billion in 2019-20. This is not bad in view of the fact that India’s total global exports have declined by 7 percent from USD 313 billion to USD 291 billion in the same period.

Brazil continued as the number 1 destination of India’s exports to the region, with shipments valued at USD 4.25 billion.

 

The other major destinations were:

· Mexico: USD 3.08 billion

· Colombia: USD 865 million

· Chile: USD 805 million

· Peru: USD 765 million

· Argentina: USD 688 million

· Venezuela: USD 557 million

 

Exports to Mercosur were valued at USD 5,199 million, Pacific Alliance USD 5,522 million and CAFTA (Central America + DR) at USD 1,143 million.

 

Major exports:

 

· Vehicles: USD 2,608 million

· Chemicals: USD 2,534 million

· Pharma: USD 1,196 million

· Machinery: USD 1,152 million

· Diesel: USD 1,034 million

· Textiles: USD 704 million

· Cotton: USD 417 million

· Plastics: USD 421 million

· Iron and steel: USD 599 million

· Aluminium products: USD 393 million

· Rubber products: USD 254 million

 

Source: theweek.in