Archive · 6 Aug 2025
India-Latin America Trade Soars: A Quarter-Century of Growth
India's trade with Latin American countries has increased a lot in the last 25 years, growing by nine times.
The Indo-Latin American Chamber of Commerce is helping to boost this trade.
A recent meeting in South India brought together business leaders from both regions to discuss partnerships.
They talked about connecting the 'Global South' instead of focusing only on the North.
India could work with Latin American countries on things like energy, medicine, and technology.
This could lead to more investment and cooperation between the two areas.
Trade between India and Latin America has grown nine-fold in 25 years.
The Indo-Latin American Chamber of Commerce (ILACC) launched a South India chapter.
The event focused on enhancing trade and partnerships in various sectors.
Officials discussed the need to shift focus towards Global South connectivity.
Potential collaborations were outlined across different Latin American countries and sectors.
- Who
- The Indo-Latin American Chamber of Commerce (ILACC) and representatives from India and Latin American nations.
- What
- Trade between India and Latin America has grown significantly.
- When
- Over the last 25 years.
- Where
- Between India and Latin America, with a recent event in South India.
- Why
- To enhance trade, diplomacy, and partnerships between India and Latin America.
- Trade Growth (2000-2025)
- Nine-fold increase
- Trade in 2000
- $2 billion
- Trade in 2025
- Almost $18 billion
- Focus of ILACC South India chapter
- Deeper engagement between Latin America and Southern Indian States
- Sectors of Cooperation
- Agriculture, energy, technology, healthcare, education, pharmaceuticals, infrastructure
- Countries involved
- Peru, Cuba, El Salvador, Venezuela, Uruguay, Chile, Argentina, and India