An analysis of India-Brazil trade over the last decade

This article provides an appraisal of Indo-Brazil trade over the last decade. India and Brazil are the two emerging, fastest growing economies of the world and widely perceived as the major economies of the future. In recent years the trade relations between the two countries has grown considerably and become key determinants of India-Brazil bilateral relations. The paper provides a detailed analysis of India's trade with Brazil over the last decade. The paper analyzed the trade intensity of India-Brazil trade, exports, imports, balance of trade, share in world's exports and trade pattern between the two nations during the time period of 2001–2012. Calculations are based on trade intensity index, compound annual growth rate, average annual growth rate, simple averages and percentages. The study found that the export Intensity between India and Brazil is quite high means a huge potential for increasing Indian exports to Brazil and a low intensity of imports has been found over the last decade between India and Brazil. Other findings of the study revealed that share of India's export in world exports is quite stagnant and significantly smaller at around 1–2% over the last decade which is a matter of concern for us. Share of Brazilian exports in world exports is also stagnant and quite low at 1% over the last decade. Balance of trade is favorable for India since 2006 except for the year 2009.