India
↔
Mexico

India-Mexico Bilateral Trade Analysis 2023

Complete trade statistics: $9.83B total volume •India surplus: $1.72B

India → Mexico

$5.77B

Exports (2023)

Mexico → India

$4.05B

Imports (2023)

Trade Balance

$1.72B

Surplus for India

Total Trade

$9.83B

Combined Volume

Trade Flow Visualization

Direct trade relationship between India and Mexico. Green line shows exports from India, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the India-Mexico commercial relationship and competitive positioning in global markets.

India → Mexico Exports

$5.77B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
6.7% top product
1Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc
$385.98M
6.7% of exports
2Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc
$295.80M
5.1% of exports
3Aluminium: unwrought, (not alloyed)
$253.68M
4.4% of exports
4Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc
$233.75M
4.0% of exports
5Vehicle parts and accessories: n.e.c. in heading no. 8708
$224.41M
3.9% of exports
6Telephones for cellular networks or for other wireless networks
$211.05M
3.7% of exports
7Motorcycles (including mopeds) and cycles: fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 50cc but not exceeding 250cc, with or without side-cars: side-cars
$206.91M
3.6% of exports
8Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
$129.89M
2.3% of exports
9Ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5%
$111.94M
1.9% of exports
10Iron or steel: articles n.e.c. in item no. 7326.11, forged or stamped, but not further worked
$68.34M
1.2% of exports

🎯 Strategic Export Focus

India's export portfolio to Mexico demonstrates strong diversification across multiple sectors, with vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc representing a key competitive advantage in this bilateral market.

Mexico → India Imports

$4.05B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
50.5% concentration
1Oils: petroleum oils and oils obtained from bituminous minerals, crude
$2.04B
50.5% of imports
2Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
$251.89M
6.2% of imports
3Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
$203.73M
5.0% of imports
4Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts
$141.38M
3.5% of imports
5Metals: gold, non-monetary, unwrought (but not powder)
$131.50M
3.2% of imports
6Units of automatic data processing machines: processing units other than those of item no. 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units
$112.81M
2.8% of imports
7Colouring matter: pigments and preparations based on titanium dioxide, containing 80% or more by weight of titanium dioxide calculated on the dry matter
$90.46M
2.2% of imports
8Vinyl chloride, other halogenated olefin polymers: poly(vinyl chloride), not mixed with any other substances, in primary forms
$42.34M
1.0% of imports
9Ferrous waste and scrap: of stainless steel
$40.37M
1.0% of imports
10Medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018
$36.17M
0.9% of imports

📦 Import Strategy Analysis

India's import pattern from Mexico reveals strategic sourcingin oils: petroleum oils and oils obtained from bituminous minerals, crude, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

India demonstrates competitive strength in exportingvehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc to Mexico, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Highly Balanced
📈

Growth Potential

The $9.83B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: India-Mexico Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $9.83 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: India maintains a surplus of $1.72 billion
  • Export Focus: India's primary exports include vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, aluminium: unwrought, (not alloyed)
  • Import Dependencies: Key imports from Mexico include oils: petroleum oils and oils obtained from bituminous minerals, crude, communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus, electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthBalanced

📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $9.83B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with India leveraging its comparative advantages in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

India's specialization in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cccomplements Mexico's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in oils: petroleum oils and oils obtained from bituminous minerals, crude.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $9.83B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyModerate
🔮

Trade Relationship Outlook

The $9.83B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $9.83 billion bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc and oils: petroleum oils and oils obtained from bituminous minerals, crude demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

India's trade surplus of $1.72 billion strengthens its overall economic position in this bilateral relationship.

Balance Impact: Well Balanced

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc present expansion opportunities.
Market Diversification
Beyond current focus on oils: petroleum oils and oils obtained from bituminous minerals, crude, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
Moderate concentration in key sectors requires monitoring
Market Competition
Global competition in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between India and Mexico represents a total trade volume of $9.83 billion in 2023. This partnership demonstrates a favorable trade balance for India, with exports exceeding importsby $1.72 billion.

Export Strengths

India's exports to Mexico total $5.77 billion, with competitive advantages in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc, representing $385.98M or6.7% of bilateral exports.

Import Dependencies

Imports from Mexico amount to $4.05 billion, highlighting economic interdependence in oils: petroleum oils and oils obtained from bituminous minerals, crude, with Oils: petroleum oils and oils obtained from bituminous minerals, crude comprising50.5% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates India's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between India and Mexico in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023