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Brazil Targets $20B Trade With India by 2026, Opens New Delhi Office

Brazilian President Lula's visit to India has catalyzed a major push to deepen economic ties, with a target of $20 billion in bilateral trade by 2026. The inauguration of the first ApexBrasil office in New Delhi aims to boost Brazilian exports, which hit a two-decade high of $6.9 billion in 2025 led by commodities like sugar and crude oil. The partnership identifies hundreds of new opportunities in sectors from agriculture to renewable energy and health tech. This South-South collaboration is further strengthened through multilateral frameworks like BRICS and the Mercosur-India trade agreement.

Key Points: Brazil-India Trade Push: $20B Target, New ApexBrasil Office

  • $15.2B trade in 2025, up 25%
  • ApexBrasil opens first India office
  • 378 new export opportunities identified
  • Focus on agri, minerals, renewables
  • Reinforced by BRICS, G20 cooperation
2 min read

Brazil steps up trade push in India, targets USD 20 billion bilateral trade by 2026

Brazil aims for $20 billion bilateral trade with India by 2026, opens ApexBrasil office in New Delhi to boost exports and investment ties.

"India and Brazil as natural partners - President Luiz Inacio Lula da Silva"

Sao Paulo, February 18

Brazilian President Luiz Inacio Lula da Silva's official visit to India has marked a renewed push to deepen trade, investment, and strategic cooperation between the two major Global South economies.

During the visit, Brazil hosted the India-Brazil Business Forum 2026 and inaugurated the first ApexBrasil office in the Indian capital, aimed at expanding exports and strengthening commercial presence in one of the world's fastest-growing markets.

The initiative comes amid robust growth in bilateral trade. Commerce between the two countries reached 15.2 billion US dollars in 2025, a 25 per cent increase from the previous year.

Both sides now aim to raise the figure to 20 billion dollars by 2026 and significantly expand the product basket, as cited by Brasil 247.

President Lula described India and Brazil as natural partners, citing their democratic systems, cultural diversity, and expanding economies.

India's vast consumer market, rising demand for energy, food, and industrial inputs, along with rapid infrastructure growth, have positioned it as a priority destination for Brazilian exports.

Brazilian exports to India climbed to 6.9 billion dollars in 2025, the highest in two decades, led by sugar, crude oil, vegetable oils, cotton, and iron ore.

The export promotion agency ApexBrasil has identified 378 new opportunities across minerals, machinery, food products, health technology, and renewable energy sectors.

Agricultural items such as ethanol derivatives and cotton, along with industrial equipment for agribusiness and power generation, are key focus areas.

At the same time, India continues supplying higher value-added goods to Brazil, including pharmaceuticals, chemicals, and auto components.

Brazilian imports from India stood at 8.4 billion dollars in 2025.

Investment ties are also expanding, with Indian foreign direct investment in Brazil reaching 2.1 billion dollars and new industrial collaborations emerging.

The partnership is reinforced through frameworks such as the Mercosur-India Preferential Trade Agreement and cooperation within BRICS, G20, BASIC, and IBAS, highlighting the growing importance of South-South economic collaboration.

- ANI

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Reader Comments

R
Rohit P
$20 billion by 2026 is an ambitious target. While the growth is impressive, we need to ensure this trade is balanced. We're importing mostly raw materials (sugar, oil, ore) and exporting finished goods. That's good for our manufacturing, but we should also aim for tech and knowledge partnerships.
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Aman W
More trade is always welcome, but I hope the government negotiates good terms. We have a huge trade deficit with them ($8.4B imports vs $6.9B exports). Need to push for more market access for our services and IT companies in Brazil.
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Sarah B
The focus on renewable energy and health tech collaboration is the most exciting part. Both countries have huge potential in green energy. This could lead to some real innovation and cheaper, cleaner power for everyone.
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Karthik V
As someone in the auto components sector, this is very promising. Brazilian market for vehicles is big. If trade barriers reduce, it can mean more jobs here. Stronger BRICS ties are the way forward to counter global economic instability.
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Meera T
Good step. But I hope the "agricultural items" focus doesn't hurt our own farmers. We must protect our agricultural sector while engaging in global trade. The government needs to be careful with agreements on cotton and ethanol.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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