Mexico (MEX) and India (IND) Trade | The Observatory of Economic Complexity

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Mexico-India Trade: In 2023, Mexico exported $3.73B to India. The main products that Mexico exported to India were Crude Petroleum ($2.04B), Broadcasting Equipment ($243M), and Telephones ($137M). Over the past 5 years the exports of Mexico to India have decreased at an annualized rate of 6.42%, from $5.2B in 2018 to $3.73B in 2023.

In 2023, Mexico did not export any services to India.

India-Mexico Trade: In 2023, India exported $6.72B to Mexico. The main products that India exported to Mexico were Cars ($922M), Motor vehicles; parts and accessories (8701 to 8705) ($701M), and Broadcasting Equipment ($284M). Over the past 5 years the exports of India to Mexico have increased at an annualized rate of 6.42%, from $4.92B in 2018 to $6.72B in 2023.

In 2023, India did not export any services to Mexico.

Comparison: In 2023, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mexico exported $3.73B to India. The main products exported from Mexico to India were Crude Petroleum ($2.04B), Broadcasting Equipment ($243M), and Telephones ($137M). During the last 5 years the exports of Mexico to India have decreased at an annualized rate of 6.42%, from $5.2B in 2018 to $3.73B in 2023.

In 2018, India exported $6.72B to Mexico. The main products exported from India to Mexico were Cars ($922M), Motor vehicles; parts and accessories (8701 to 8705) ($701M), and Broadcasting Equipment ($284M). During the last 5 years the exports of India to Mexico have increased at an annualized rate of 6.42%, from $4.92B in 2023 to $6.72B in 2018.

Exports from Mexico () to India () (2023)

Exports from India () to Mexico () (2023)

Latest Data

Trade between Mexico () and India ()

Mexico Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$456B

India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Mexico than India included United States ($456B), Canada ($33B), and Chinese Taipei ($5.8B).

In 2023, countries that imported more from India than Mexico included United Arab Emirates ($28.8B), Bangladesh ($11.3B), and Saudi Arabia ($11.4B).

Difference in imports from India () and Mexico () (2023)

Comparative Advantage Mexico - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mexico had a large net trade with India in the exports of Mineral Products ($2.06B), Machines ($846M), and Instruments ($210M).

During 2018, India had a large net trade with Mexico in the exports of N/A.

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico India+$1.31BCrude Petroleum

Top Product Potential India Mexico+$285MMotor vehicles; parts and accessories (8701 to 8705)

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Mexico () to India () (2023)

Exports from India () to Mexico () (2023)

Latest Data

Trade between Mexico () and India ()

Mexico Exports

India Exports

Market Competitiveness

Difference in imports from India () and Mexico () (2023)

Comparative Advantage Mexico - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mexico () and India () (2023)

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