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Trade between India and Mexico

In 2024, India exported $7.5 billion to Mexico and imported $3.9 billion. India ran a surplus of $3.6 billion with Mexico, compared with a deficit of $173 million in 2019. Mexico was India’s 27th largest trading partner (1% of its trade), and India was Mexico’s 12th (1%).

Summary

India → Mexico
$7.5billion
Mexico → India
$3.9billion
India’s balance
$3.6billion

Balance

India’s trade balance with Mexico

Trade between India and Mexico grew 57.2-fold since 1995

USD billions (current). India’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 7.5
  • Imports 3.9
  • Balance +3.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$134 million$66 million$68 million
1996$146 million$54 million$93 million
1997$241 million$111 million$130 million
1998$263 million$106 million$157 million
1999$254 million$109 million$145 million
2000$321 million$102 million$219 million
2001$455 million$213 million$242 million
2002$511 million$353 million$157 million
2003$562 million$524 million$37 million
2004$885 million$482 million$403 million
2005$944 million$612 million$332 million
2006$1.1 billion$593 million$485 million
2007$1.1 billion$1.1 billion$8 million
2008$1.3 billion$1.9 billion-$582 million
2009$1.1 billion$1 billion$14 million
2010$1.7 billion$1.1 billion$609 million
2011$2.3 billion$2.2 billion$114 million
2012$2.7 billion$3.6 billion-$840 million
2013$2.8 billion$4.3 billion-$1.5 billion
2014$3.3 billion$3.3 billion$74 million
2015$3.8 billion$2.5 billion$1.3 billion
2016$4.1 billion$2.4 billion$1.7 billion
2017$4.7 billion$3.8 billion$885 million
2018$4.9 billion$5.2 billion-$263 million
2019$4.9 billion$5.1 billion-$173 million
2020$3.9 billion$3.3 billion$616 million
2021$5.2 billion$4.1 billion$1.1 billion
2022$6.4 billion$4.3 billion$2 billion
2023$7.5 billion$3.8 billion$3.7 billion
2024$7.5 billion$3.9 billion$3.6 billion

What they sell each other

What India sells to Mexico

The top 10 headings in 2024, with their share of the total.

  1. Cars$891 million · 11.8%
    65 thousand tonnes · India’s destinations
  2. Auto parts$611 million · 8.1%
    67 thousand tonnes · India’s destinations
  3. Unwrought aluminum$377 million · 5%
    136 thousand tonnes · India’s destinations
  4. 516 tonnes
  5. 6 thousand tonnes · India’s destinations
  6. Motorcycles$174 million · 2.3%
    11 thousand tonnes · India’s destinations
  7. Ceramic tiles$164 million · 2.2%
    270 thousand tonnes
  8. 24 thousand tonnes
  9. Computers$123 million · 1.6%
    313 tonnes · Mexico’s sources
  10. Bulldozers and excavators$120 million · 1.6%
    16 thousand tonnes · India’s destinations

What Mexico sells to India

The top 10 headings in 2024, with their share of the total.

  1. Crude petroleum$1.7 billion · 43%
    3.2 million tonnes · Mexico’s destinations
  2. 884 tonnes
  3. Microchips$364 million · 9.4%
    19 tonnes · Mexico’s destinations
  4. Gold$179 million · 4.6%
    3 tonnes · Mexico’s destinations
  5. Computers$136 million · 3.5%
    388 tonnes · Mexico’s destinations
  6. 3 thousand tonnes · Mexico’s destinations
  7. 26 thousand tonnes
  8. 122 tonnes
  9. 448 tonnes
  10. Orthopedic and hearing devices$33 million · 0.84%
    14 tonnes

How it travels

Estimated sea route from Nhava Sheva (Mumbai) to Manzanillo.

The estimated sea route between Nhava Sheva (Mumbai) and Manzanillo is 11,613 nautical miles (21,508 km) long: ≈ 27–34.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Malacca and Singapore.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$8.4 billion · 73.7%
  2. Air$3 billion · 26.3%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Mexico was India’s 27th largest trading partner (1% of its trade), and India was Mexico’s 12th (1%).

Mexico in India’s trade
1%
Mexico’s rank among India’s partners
27th
India in Mexico’s trade
1%
India’s rank among Mexico’s partners
12th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.