​​​
  1. India’s trade with LAC region rises 9-fold to $49.1 billion

India’s trade with LAC region rises 9-fold to $49.1 billion

India's total trade with the Latin America and the Caribbean (LAC) region has increased more than nine-fold to USD 49.1 billion in 2014 from USD 5.2 billion in 2005, Export-Import Bank of India said today.

By: | New Delhi | Published: October 15, 2015 7:09 PM
exim bank

India’s total trade with the Latin America and the Caribbean (LAC) region has increased more than nine-fold to USD 49.1 billion in 2014 from USD 5.2 billion in 2005, Export-Import Bank of India said today.

India’s total trade with the Latin America and the Caribbean (LAC) region has increased more than nine-fold to USD 49.1 billion in 2014 from USD 5.2 billion in 2005, Export-Import Bank of India said today.

Country’s total exports to LAC rose more than five-fold to USD 15.5 billion in 2014 from USD 2.8 billion in 2005, the
bank said.

Total imports have also increased significantly to USD 33.6 billion from USD 2.4 billion during the same period.

As a result, India’s trade balance with LAC which stood at a surplus of USD 0.5 billion in 2005, has turned into trade
deficit of USD 18.1 billion in 2014, the Exim Bank added.

The bank said that it has identified the potential items for India’s exports to select countries in the LAC region,
which broadly includes machinery, electrical and electronic equipment, transport vehicles, optical, iron and steel,
photographic and medical apparatus, among others.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top