India and Mexico are G20 partners with a growing strategic relationship built on complementary economic strengths: Indian pharmaceuticals, IT services, and engineering goods flow westward, while Mexican automobiles, electronics, and agricultural products move in the other direction. Mexico's position as a USMCA member and near-shoring destination for US-bound manufacturing has created new opportunities for Indian companies seeking North American market access. The relationship was elevated to a Strategic Partnership in 2007.
COOPERATION AREAS
Where India and Mexico actually work together
5 active areas of cooperation, as of July 2026. Click any card for the full brief.
TRADE & INVESTMENT
By the numbers
All figures approximate FY 2023–24. Source: DGFT, Ministry of Commerce. Services and IT exports not fully captured in goods-trade statistics.
$10.8bn
Total bilateral trade in goods
$6.3bn
India exports to country
$4.5bn
India imports from country
Trade trajectory · USD bn
$10.8bnin FY24 · click a bar to compare years
TOP TRADED ITEMS
AGREEMENTS & MILESTONES
The relationship since 1950, in 7 dates
CURRENT STATE
Where things stand, 2026
The relationship is on an upward trajectory driven by near-shoring dynamics, pharmaceutical trade, and G20 convergence. PTA negotiations have restarted and an early-harvest agreement is expected by 2026. Indian IT companies continue expanding Mexican delivery centres, while Mexico's interest in India's digital public infrastructure models has created a new track of government-to-government technology exchange. Bilateral trade is expected to exceed $12 billion by FY2025-26.
SIGNALS TO WATCH
On track / positive momentum
In progress / worth watching
Stalled or facing headwinds
Not yet started / unclear
QUICK FACTS
CapitalMexico City
Population130 million
RegionAmericas
Diplomatic tiesSince 1950
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