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

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $4.26B in 2022.

In 2017, 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 2022 to $5.3B in 2017.

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

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

Latest Data

Trade between Mexico (Flag) and India (Flag)

Mexico Exports

India Exports

Market Competitiveness

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

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

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

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

Comparative Advantage Mexico - India

Flow
Scale

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

During 2022, Mexico had a large net trade with India in the exports of Mineral Products ($3.37B), Machines ($340M), and Chemical Products ($216M).

During 2017, India had a large net trade with Mexico in the exports of Transportation ($1.61B), Metals ($986M), and Machines ($867M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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