India: the new super player in the region

Top trade partners of Latin America in 2017. China advances, while the U.S. loses ground. The new trend in Latin American trade has a country name: India. In 2017, total trade (imports and exports) of India with the region grew by 30 percent, driven mainly by the import of Latin American goods to the Asian country. Brazil was the nation that posted the largest figure of sales to India. It exported US $4.7 billion, from US$3.1 billion in 2016. Mexico, reached US$3.3 billion, from US $ 2. 1 billion in 2016. This significant growth in commerce allowed India to overtake the Netherlands and Italy in the ranking of Latin America’s top trade partners. India also made a conspicuous entrance in […]