Mexican Exports to India

Annual Bilateral Trade: Mexico and India

Mexico and India continue to deepen economic ties, with growing bilateral trade and foreign direct investment (FDI) flows. In 2024, Mexico’s top export to India was telephones and mobile communication devices, valued at US $242 million. These exports originated mainly from Mexico City (US $527M), Jalisco (US $212M), and Nuevo León (US $68.1M).

In contrast, Mexico’s top import from India was passenger vehicles, totaling US $1.321 billion, with shipments primarily arriving in Mexico City (US $2.507B), Estado de México (US $1.039B), and Nuevo León (US $950M).

Monthly Trade Flow – April 2025

In April 2025, Mexico exported US $150M in goods to India and imported US $748M, resulting in a monthly trade deficit of –US $599M. Top exports included mobile phones and wireless network devices, while automobiles remained the dominant import category.

Trade Balance & Economic Integration

As of 2025, India represented:

• 0.27% of Mexico’s total exports (≈ US $548M)
• 1.46% of Mexico’s total imports (≈ US $2.966B)

This results in a net trade imbalance of –US $2.418B in favor of India.

Foreign Direct Investment (FDI) Trends

From January to December 2024, India invested US $72.6M in Mexico, highlighting a growing investor interest. The states receiving the most Indian FDI were:

• Tlaxcala (Confidential)
• Nuevo León (US $3.9M)
• Mexico City (US $3.39M)

Remittances & Migration Insight

In Q1 2025, India received US $495K in remittances from Mexico, while Mexico received none from India. Meanwhile, the Indian immigrant population in Mexico reached 1,825 people (2020 data), with concentrations in:

• Jalisco (546 people)
• Mexico City (518 people)
• Nuevo León (360 people)

Net Trade Balance by Region

State-level data reveals that Guerrero, Nayarit, and Oaxaca had the largest negative trade balances with India in 2024, indicating more imports than exports from those regions.