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.

INDIA – LATIN 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