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2022
Flag → Flag
Exports $5.3BRnk 30 / 217
2022
Flag → Flag
Top Product $941MCars
2022
Flag → Flag
Exports $4.26BRnk 11 / 156
2022
Flag → Flag
Top Product $3.36BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH6.89%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).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $518M and imported $161M from Mexico, resulting in a positive trade balance of $357M. Between August 2023 and August 2024 the exports of India have increased by $78.2M (17.8%) from $440M to $518M, while imports increased by $70M (76.7%) from $91.2M to $161M.

Trade In August 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 August 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 August 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 August 2024, the increase in India's year-by-year imports  from Mexico was explained primarily by an increase in product imports  in Petroleum: Crude ($131M or 62.8%), Plastic Raw Materials ($8.43M or 589%), and Telecom Instruments ($6.78M or 81.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$78.2M(17.8%)
IMPORT GROWTH (August 2023 - August 2024)$70M(76.7%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Mexico and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mexico and India Data

Go to Bulk Download

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 DestinationUnited States$82.9B
Mexico
Top DestinationUnited 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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