"Latin America: India's Most Undervalued Export Market"

India’s exports to Latin American countries now exceed exports to several neighboring markets and traditional trade partners, underscoring the region’s emergence as a strategically important destination for Indian goods.

In 2025–26, India’s exports to Brazil reached 7.02 billion dollars—higher than exports to Japan (6.04 bn), Vietnam (6.6 bn), Spain (6.96 bn), South Korea (6.01 bn), South Africa (7 bn), and Malaysia (6.82 bn).


Exports to Mexico totaled 5.73 billion dollars, exceeding exports to Sri Lanka (5.52 bn), Thailand (5.06 bn), Indonesia (4.49 bn), Russia (4.49 bn), Canada (4.67 bn), Egypt (3.93 bn), and Turkey (4.54 bn).

Exports to Chile reached 1.22 bn, exceeding exports to neighboring Myanmar at 808 m.

Exports to Guatemala reached 656 m, exceeding exports to New Zealand at 567 m.

Exports to the Dominican Republic totaled 411 m, exceeding exports to Cambodia at 280 m. Dom Republic has a population of about 11.5 million, compared with Cambodia’s 18 million.

Exports to Honduras totaled 257 m, exceeding exports to Kazakhstan at 185 m, despite Honduras having roughly half Kazakhstan’s population.

India’s motorcycle exports to Latin America totaled 1.64 billion dollars, accounting for 41% of India’s global motorcycle exports.

Colombia ranked as the top global destination for India’s motorcycle exports in 2025–26, at 578 million dollars.


This is not a one-year wonder; it is the continuation of a decade-long trend. Latin America has clearly emerged as an important destination for India’s exports, with significant room for further growth in the coming years.

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