2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 186

About

India-Mexico Trade: In 2022, India exported $5.3B to Mexico. The main products that India exported to Mexico were Cars ($941M), Raw Aluminium ($512M), and Motor vehicles; parts and accessories (8701 to 8705) ($345M). Over the past 5 years the exports of India to Mexico have increased at an annualized rate of 5.06%, from $4.14B in 2017 to $5.3B in 2022.

In 2022, India did not export any services to Mexico.

Mexico-India Trade: In 2022, Mexico exported $4.26B to India. The main products that Mexico exported to India were Crude Petroleum ($3.36B), Gold ($167M), and Broadcasting Equipment ($111M). Over the past 5 years the exports of Mexico to India have increased at an annualized rate of 1.73%,  from $3.91B in 2017 to $4.26B in 2022.

In 2022, Mexico did not export any services to India.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $5.3B to Mexico. The main products exported from India to Mexico were Cars ($941M), Raw Aluminium ($512M), and Motor vehicles; parts and accessories (8701 to 8705) ($345M). During the last 5 years the exports of India to Mexico have increased at an annualized rate of 5.06%, from $4.14B in 2017 to $5.3B in 2022.

In 2017, Mexico exported $4.26B to India. The main products exported from Mexico to India were Crude Petroleum ($3.36B), Gold ($167M), and Broadcasting Equipment ($111M). During the last 5 years the exports of Mexico to India have increased at an annualized rate of 1.73%, from $3.91B in 2022 to $4.26B in 2017.

Exports from India (Flag) to Mexico (Flag) (2022)

Exports from Mexico (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Mexico
Top Destination
United States$421B

This map shows whether countries import more from India or Mexico. Each country is colored based on the difference in imports they receive from India and Mexico or the difference in the growth in imports.

In 2022, countries that imported more from India than Mexico included United Arab Emirates ($31.6B), Netherlands ($17.6B), and Bangladesh ($13.8B).

In 2022, countries that imported more from Mexico than India included United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

Difference in imports from Mexico (Flag) and India (Flag) (2022)

Comparative Advantage India - Mexico

Flow
Scale

This chart compares trade between India and Mexico by product, considering products traded by both, India and Mexico.

During 2022, India had a large net trade with Mexico in the exports of Transportation ($1.61B), Metals ($986M), and Machines ($867M).

During 2017, Mexico had a large net trade with India in the exports of Mineral Products ($3.37B), Machines ($340M), and Chemical Products ($216M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Mexico+$285MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Mexico India+$1.31BCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of India and Mexico. This means that a dot/product with the flag of India indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over India.

Product Space of India (Flag) and Mexico (Flag) (2022)

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