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Strategic Lens

India and Mexico

First country

Second country

In 2025, India sold USD 5.56 billion of goods to Mexico and bought USD 4.23 billion from it. The DESTA database lists 2 trade agreements that include both countries, the most recent being Global System of Trade Preferences (GSTP) (1989). Both are members of the G20 and the Non-Aligned Movement. Their agreement score in UN General Assembly voting was 80 percent in 2023, and 83 percent on average over 2019 to 2023.

Benefits

  • BothTrade in goods runs both ways in similar amounts: India sold USD 5.56 billion and Mexico sold USD 4.23 billion in 2025.
  • BothTwo-way trade in agricultural and food products grew 109 percent, from USD 60.9 million in 2019 to USD 128 million in 2025.
  • BothTwo-way trade in electrical and electronic equipment grew about 3.2 times, from USD 643 million in 2019 to USD 2.08 billion in 2025.

Constraints

  • BothThe two countries' customs reports differ on goods sold by Mexico to India in 2025: India reports USD 4.23 billion and Mexico reports USD 1.55 billion.
  • BothTwo-way trade in mineral fuels and oils fell 81 percent, from USD 3.77 billion in 2019 to USD 731 million in 2025.
  • BothFlows are one-sided: in 2025, Mexico sold USD 228 million of critical minerals and metals, and India sold almost none.

Sources: UN Comtrade (public preview API), annual goods trade, HS classification (retrieved 26 September 2026); DESTA: Design of Trade Agreements database, version 02_03 (retrieved 25 September 2026); Wikidata, statements on membership (property P463) (retrieved 26 September 2026); United Nations General Assembly voting data (Voeten, Strezhnev and Bailey), agreement scores (retrieved 25 September 2026)

Last updated on 26 September 2026

At a glance

Goods trade, both ways
USD 9.79 billion
2025, as reported by India
India to Mexico
USD 5.56 billion
2025, as reported by India
Mexico to India
USD 4.23 billion
2025, as reported by India

What connects India and Mexico

Economy

Trade in goodsIn 2025, India sold USD 5.56 billion of goods to Mexico and bought USD 4.23 billion from it.

Resources

EnergyIn 2025, India sold USD 3.3 million of mineral fuels and oils to Mexico and bought USD 728 million from it.Critical mineralsIn 2025, Mexico sold USD 228 million of critical minerals and metals to India.Agriculture and foodIn 2025, India sold USD 93.0 million of agricultural and food products to Mexico and bought USD 34.6 million from it.

Industry

Supply chains and manufacturingIn 2025, India sold USD 2.58 billion of machinery, vehicles and iron and steel to Mexico and bought USD 612 million from it.TechnologyIn 2025, India sold USD 628 million of electrical and electronic equipment to Mexico and bought USD 1.46 billion from it.Pharma and healthIn 2025, India sold USD 287 million of pharmaceutical products to Mexico and bought USD 4.7 million from it.

Diplomacy

Agreements and treatiesThe DESTA database lists 2 trade agreements that include both countries, the most recent being Global System of Trade Preferences (GSTP) (1989).Multilateral alignmentBoth are members of the G20 and the Non-Aligned Movement. Their agreement score in UN General Assembly voting was 80 percent in 2023, and 83 percent on average over 2019 to 2023.

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