India / Mexico

Overview In January 2024, India exported $385M and imported $84.6M from Mexico, resulting in a positive trade balance of $301M. Between January 2023 and January 2024 the exports of India have increased by $15.4M (4.16%) from $370M to $385M, while imports decreased by $-336M (-79.9%) from $421M to $84.6M.

Trade In January 2024, the top exports of India to Mexico were Motor Vehicle/Cars ($92.9M), Auto Components/Parts ($29.2M), Two And Three Wheelers ($15.1M), Organic Chemicals ($13.7M), and Iron And Steel ($12.6M). In January 2024 the top imports of India from Mexico were Petroleum: Crude ($339M), Computer Hardware, Peripherals ($20.3M), Telecom Instruments ($15.1M), Plastic Raw Materials ($9.86M), and Paint, Varnish And Allid Prodc ($5.96M).

Growth In January 2024, the increase in India's year-by-year exports to Mexico was explained primarily by an increase in product exports in Motor Vehicle/Cars ($9.39M or 11.2%), Auto Components/Parts ($7.9M or 37.2%), and Telecom Instruments ($7.54M or 781%). In January 2024, the decrease in India's year-by-year imports  from Mexico was explained primarily by an decrease in product imports  in Pumps Of All Types ($-3.39M or -75.8%), Inorganic Chemicals ($-2.32M or -85.9%), and Bulk Drugs, Drug Intermediates ($-2.22M or -53.6%).