India: Emerging market for Mexico

While it is true that historically the most important commercial markets for Mexico have been those of North America today the changes to our free trade agreements push us to seek new horizons and show openness to new markets.

Data from the Indian embassy announce that relations between India and Mexico have always been close, even though the geographical position is opposite both are emerging economies that are in search of constant economic and trade growth.

The Millennium newspaper mentions in a recent article that at the end of 2017, the exchange between Mexico and India amounted to $8.35 billion; of these, exports had a record of $3.3 billion according to ProMexico data.

Mexico now has 70 Indian companies in its territory, mainly in the information technology, pharmaceutical and automotive sectors. For now Guadalajara, Nuevo León, Puebla, Coahuila and Chihuahua, are the states in which the Indian entrepreneur has decided to invest.

Bilateral Trade Mexico-India over the past six years (Ciphers in billions of dollars)

  2013 2014 2015 2016 2017
Exports from India 2,868.17 3,726.51 4,066.86 4,285.92 5,020.48
Imports from India

3,524.96

2,720.74 1,840.83 2,036.05 3,352.49
importe 6,393.13 6,447.26 5,907.70 6,321.98 8,372.97

Leave a comment