Page 71 - IILMGSM Journal_Management Perspective

ure Prospects

Indian Export-Import to Latin American Region (in US$ Million)

Year Export Import
2003-04
2004-05 891.65 1,118.77
2005-06
2006-07 1,792.45 1,972.17
2007-08
2008-09 2,550.81 2,568.63
2009-10
2010-11 3,729.97 5,340.29
2011-12
2012-13 5,081.66 5,368.62

5,513.04 8,240.44

5,614.40 9,356.30

9,324.24 13,042.52

12,276.75 16,141.02

13,517.94 27,497.09

Source: EXIM Databank, Ministry of Commerce, Govt. of India
The analysis says that the Indian trade volume for both export as well as import to the Latin American region is
gradually increasing every year since last 10 years with an average percentage of export growth by 50 and import
growth by 50.
Major Destination for Exporting in Latin America (2012-13)
Brazil (46%), Bahamas (21%), Colombia (8%)
Minor Destination for Exporting in Latin America
Argentina (5%), Peru (4%), Venezuela (2%)
Major Importing Destination in Latin America (2012-13)
Venezuela (54%), Brazil (20%)
Minor Importing Destination in Latin America
Chile (12%), Colombia (10%), Argentina (8%)

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