The Indians exporters to Latin America should note that the imports of the region are projected to decrease by 0.5% in 2014, according to a 9 October 2014 report of the UN Economic Commission for Latin America and Caribbean (ECLAC).
Out of the total of 19 Latin American countries, eleven are expected to increase their imports while eight will see decrease in their imports.
The imports of the top six destinations of India's exports will be as follows:
There will be decrease in the imports of Brazil by 3.2%, Peru - 2.3%, Argentina - 6.6% and Chile- 7%.
Imports of Mexico will increase by 2.3% and Colombia's by 3.9%
The regions' exports are , however, expected to increase by 0.9%. In 2013, exports of the region had declined by 0.2% while imports had increased by 2.7%