Thursday, February 02, 2012

India's trade with Latin America in 2011

-India's trade with Latin America increased to 25 bn $ in 2011 from 23 bn in 2010
-India's exports went up by 28 % in 2011 reaching 11.6 bn from 9 bn in 2010.
-India's imports declined to 13.5 bn in 2011 from 14 bn in 2010

-Brazil is the leading trade partner followed by Venezuela, Mexico, Chile, Argentina and Colombia
-Colombia is the third largest export destination of India after Brazil and Mexico.

-crude oil is the main item of India's imports accounting for 8 bn $. Copper imports were about 2 bn and Soy oil imports were over a billion.
-Reliance imported 7.5 bn worth crude from Latin America in 2011, of which 5 bn came from Venezuela

-These are preliminary trade figures obtained from Mercosur Online, a reliable source.
-The figures are for January- december 2011

-Chinese trade with Latin America in 2011 was 241.5 bn$ up from 164.3 bn in 2010
- In 2011 Chinese exported 121.7 bn and imported 119.8

- In 2011, Latin America's imports reached 1.01 trillion dollars. Exports were 1.07 trillion. The GDP in 2011 was 4.8 trillion dollars. The GDP growth in 2011 was 4.7%. Projection for 2012 is 3.7%. Besides this positive market scenario, there is a favourable Latin American mindset which wants to reduce overdependence on China, diversify their import sources and try the benign, spiritual and Gandhian India which inspires them with a vibrant democracy amidst a vast diversity.


INDIALATIN AMERICA TRADE FIGURES - YEAR 2011

INDIA

IMPORTS In U$S Millions

EXPORTS in U$S Millions

TOTAL TRADE In U$S Millions

1) BRAZIL

3200

6000

9200

2) VENEZUELA

5000

580

5580

3) MEXICO

1250

2000

3250

4) CHILE

1780

400

2180

5) ARGENTINA

1210

560

1770

6) COLOMBIA

600

880

1480

7) PERU

240

510

750

8) ECUADOR

24

160

184

9) PARAGUAY

74

78

152

10) PANAMA

28

96

124

11) COSTA RICA

14

95

109

12) URUGUAY

20

86

106

13) HONDURAS

2

62

64

14)DOMINICAN REP.

11

42

53

15)CUBA

6

46

52

16) GUATEMALA

3

37

40

17) EL SALVADOR

2

32

34

18) BOLIVIA

28

4

32

19)) NICARAGUA

2

25

27

TOTAL

13494

11693

25187