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India

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Jan-Dec 2023: -US$61.2M, Foreign Direct Investment

The main sale from Mexico to India in 2023 was Telephones, Including Mobile Phones and those of other Wireless Networks (US$250M). The main origins of sales to India were Ciudad de México (US$313M), Jalisco (US$277M), and Nuevo León (US$58.9M).

The main product bought by Mexico from India in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$1.13B). The main destinations of purchases made to India were Ciudad de México (US$2.17B), Nuevo León (US$909M), and Estado de México (US$843M).

In the period January to December 2023, the Foreign Direct Investment (FDI) from India to Mexico is -US$61.2M. In the same period, the states that received the highest FDI from India were Nuevo León (US$3.52M), Baja California (Confidential), and Quintana Roo (Confidential).

Regarding remittances, in the first quarter of 2024, Mexico received US$0 in remittances from India, while India received US$475k in remittances from Mexico.

Finally, in terms of immigration to Mexico, 1,825 inmigrants from India were registered in 2020, 31.4% women and 68.6% men. The states with the highest concentration of inmigrants from India were Jalisco (546 people), Ciudad de México (518 people), and Nuevo León (360 people).

Commercial Exchange

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The icons show the percentage share of India in Mexico's imports and exports, as well as the net trade balance between the two countries.

Data provided by Bank of Mexico.

Net International Exchange

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In March 2024, the exports from Mexico to India were US$284M, while imports reached US$595M. The above results in a trade balance of -US$311M.

Annual International Trade

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The main sale from Mexico to India in 2023 was Telephones, Including Mobile Phones and those of other Wireless Networks (US$250M). The main origins of sales to India were Ciudad de México (US$313M), Jalisco (US$277M), and Nuevo León (US$58.9M).

The main product bought by Mexico from India in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$1.13B). The main destinations of purchases made to India were Ciudad de México (US$2.17B), Nuevo León (US$909M), and Estado de México (US$843M).

Monthly International Trade

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The main sale from Mexico to India in February 2024 was Gold Unwrought or in Semi-Manufactured Forms, or in Powder Form (US$29.4M). The main origins of sales to India were Ciudad de México (US$59.1M), Jalisco (US$15.6M), and Estado de México (US$6.87M).

The main product bought by Mexico from India in February 2024 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$136M). The main destinations of purchases made to India were Ciudad de México (US$148M), Puebla (US$90.2M), and Estado de México (US$71.3M).

Net Trade Balance

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In 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Nayarit (-US$153k), Oaxaca (-US$234k), and Guerrero (-US$349k).

Foreign Direct Investment

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Foreign Direct Investment Flow

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In the period January to December 2023, the FDI from India to Mexico reached -US$61.2M, distributed in equity capital (US$674k), reinvestment of earnings (-US$2.81M), and inter-company debts (-US$59M).

From January 1999 to December 2023, Mexico has received a total of US$298M in FDI from India, distributed in equity capital (US$161M), reinvestment of earnings (US$81M), and inter-company debts (US$55.8M).

Foreign Direct Investment by States

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From January to December 2023, the states that received the highest FDI from India were Nuevo León (US$3.52M), Baja California (Confidential), and Quintana Roo (Confidential).

Historically (from January 1999 to December 2023) the states that have received the most FDI from India are Ciudad de México (US$180M), Estado de México (US$57.7M), and Tlaxcala (US$47.4M).

Evolution of the Amount of Remittances

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The chart compares the evolution of remittances sent from Mexico to India and the remittances that Mexico receives from India.

In the first quarter of 2024, Mexico received US$0 in remittances from India, while India received US$475k in remittances from Mexico.

Remittancesand Foreign Direct Investment

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The visualization compares the evolution of Foreign Direct Investment (FDI) and the income from remittances from India.

During 2021, a total amount of remittances of US$0 is accumulated, while the FDI from India to Mexico accumulated in the year is -US$61.2M.

Immigration from India

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The map shows the destination states of migrants from India to Mexico in recent years. The bar chart shows the main causes of migration.

The states with the highest concentration of migrants from India were Jalisco (546 people), Ciudad de México (518 people), and Nuevo León (360 people).

The main reasons of migration from India to Mexico in recent years were economical (836 people) and family (437 people).

Diversity of immigrants

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The graph shows the population pyramid of the migrant population from India to Mexico in recent years.

1,825 inmigrants from India were registered, 31.4% women and 68.6% men.

The age ranges that concentrated the largest migrant population from India were 25 to 29 years (599 people), 30 to 34 years (516 people), and 35 to 39 years (259 people). These concentrated 75.3% of the total migrant population.