How Latin America continues to be a large market for India’s exports

India’s exports to Latin America amounted to $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 per cent from $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 per cent from $313 billion to $291 billion in the same period.
Brazil continued as the number 1 destination of India’s exports to the region, with shipments valued at $4.25 billion.