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US$ 213mn
FDI inflow from April 2000 - March 2021

US$ 3,129.28mn

bilateral trade value for 2020-2021

6,500
PIOs/NRIs currently living in Mexico

Concurrent Accreditation The Mission in Mexico also handles India's bilateral relations with Belize

Resources

Rich in petroleum, silver, copper, gold, lead, zinc, natural gas and timber. There are increasing opportunities in oil and gas exploration.

Trade

Mexico has emerged as the biggest trade partner of India in Latin America and the Caribbean region and 2nd in the Americas after the USA.

60th

rank on the World Bank's Ease of Doing Business ranking 2020 has made Mexico a regional leader in doing business and new opportunity creation.

15th

Mexico is the world's 15th largest economy that is expected to grow by 2.3 per cent and 2.7 per cent, respectively, over the next two years as per the IMF.

Industry

Mexico has reported expanding industrial capacities across electronics, automobiles, petrochemical, food processing sectors, among others.

Shipping

Quality port infrastructure, strategic geographic location, and industrial capacity has pitted Mexico as a favorable destination for sea trade.

India's Exports and Imports to Mexico

Value in US$

S.No. \Year 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
1 EXPORT 2,861.55 2,865.13 3,460.98 3,782.79 3,841.57
2 %Growth 0.13 20.8 9.3 1.55
3 India’s Total Export 310,338.48 262,291.09 275,852.43 303,526.16 330,078.09
4 %Growth -15.48 5.17 10.03 8.75
5 %Share 0.92 1.09 1.25 1.25 1.16
6 IMPORT 3,393.15 2,283.19 2,944.52 3,930.26 5,577.03
7 %Growth -32.71 28.96 33.48 41.9
8 India’s Total Import 448,033.41 381,007.76 384,357.03 465,580.99 514,078.42
9 %Growth -14.96 0.88 21.13 10.42
10 %Share 0.76 0.6 0.77 0.84 1.08
11 TOTAL TRADE 6,254.70 5,148.32 6,405.50 7,713.05 9,418.59
12 %Growth -17.69 24.42 20.41 22.11
13 India’s Total Trade 758,371.89 643,298.84 660,209.46 769,107.15 844,156.51
14 %Growth -15.17 2.63 16.49 9.76
15 %Share 0.82 0.8 0.97 1 1.12
16
TRADE BALANCE
581.93 516.47
17 India’s Trade Balance -137,694.93 -118,716.67 -108,504.60 -162,054.83 -184,000.33

 

Chamber of Commerce of Mexico City

+52-3685-2269

Visit Website

Paseo de la Reforma 42 Colonia del Del. Cuauhtémoc, CP 06040, Mexico City

Confederation of Industrial Chambers of the United Mexican States

+52-5140-7849

Visit Website

Manual Maria Contreras 133, Colonia Cuauhtémoc, Alcaldía Cuauhtémoc, CP 06500, Mexico City

Second Secretary (Economic and Commercial), Embassy of India, Mexico City

; [Trade query];

+52-33-55311002/1050/4636/6638, 55451491, 52034803

Visit Website

Musset 325,
Colonia Polanco,
Delegacion Miguel Hidalgo,
C.P.11550, Mexico D.F.

Opportunities

Agricultural exports

    Protein concs. & textured protein subs. (210610)

    agriexchange.apeda.gov.in

    Beer made from malt (220300)
    Non-alcoholic beverages other than waters of 2202.10 (not incl. fruit/veg. … (220290)
    Spirits obt. by distilling grape wine/grape marc (220820)
    Whiskies (220830)
    Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of 2 l/less (220421)

    agriexchange.apeda.gov.in

    Bellies (streaky) & cuts thereof , of swine, salted/in brine/dried/smoked (021012)
    CASEIN CASEIN DERIVATIVES CASEIN GLUES (350110)
    Cuts & edible offal of species Gallus domesticus, fresh/chilled (020713)
    Cuts & edible offal of species gallus domesticus, frozen (020714)
    Cuts & edible offal of turkey, fresh/chilled (020726)
    Cuts & edible offal of turkey, frozen (020727)
    Edible offal of bovine animals (excl. tongues & livers), frozen (020629)
    Edible offal of swine (excl. liver), frozen (020649)
    Edible offal of swine, fresh/chilled (020630)
    Fertilised eggs for incubation: of fowls of the species gallus domesticus (040711)
    Guts, bladders & stomachs of animals (other than fish), whole & pieces ther … (050400)
    Hams, shoulders & cuts thereof , fresh/chilled, bone-in (020312)
    Meat of bovine animals, fresh/chilled, boneless (020130)
    Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), fresh/chilled (020319)
    Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), froxen (020329)
    PIG FAT (020910)
    Sausages & sim. prods., of meat/meat offal/blood; food preps. based on thes … (160100)

    agriexchange.apeda.gov.in

    Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in Ch.19, whethe … (190590)
    Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)

    agriexchange.apeda.gov.in

    Maize (corn), other than seed (100590)
    Malt extract; oth. food preps. of flour/groats/meal/starch/malt extact [see … (190190)
    Malt, not roasted (110710)
    OTHER GRAIN SORGHUM EXCL SEED (100790)
    OTHER WHEAT AND MESLIN (100199)
    Semi-milled/wholly milled rice, whether or not polished/glazed (100630)
    Wheat/meslin flour (110100)

    agriexchange.apeda.gov.in

    Chmcly pure glucos and its syrp without or with < 20% by wgt of fractos in dry state (170230)
    Undenatured ethyl alcohol of an alcoholic strength by volume of 80% vol. (220710)

    agriexchange.apeda.gov.in

    Chocolate & oth. food preps. cont. cocoa (excl. of 1803.10-1806.10), in blo … (180620)
    Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)
    Cocoa beans, whole/broken, raw/roasted (180100)
    Cocoa paste, not defatted (180310)

    agriexchange.apeda.gov.in

    Cheese (excl. of 0406.10-0406.40) (040690)
    Fats & oils derived from milk, other than butter & dairy spreads (040590)
    Grated/powdered cheese, of all kinds (040620)
    Milk in powder/granules/oth. solid form, fat content by wt. not >1.5% (040210)

    agriexchange.apeda.gov.in

    Waffles & wafers (190532)

    agriexchange.apeda.gov.in

    Food preps., n.e.s. (210690)
    Mixes & doughs for the preparation of bakers’ wares of 19.05 (190120)
    Other fructose and fructose syrup, containing in the dry state more than 50% by weight of fructose, excluding inv (170260)
    Preparations for infant use, put up for RS (190110)
    Prepared/presvd. preps. of fowls of the genus Gallus domesticus (excl. homo … (160232)
    Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)
    Soups & broths & preps. therefor (210410)
    Whey & modified whey, whether or not concentrated/sweetened (040410)

    agriexchange.apeda.gov.in

    Apples, fresh (080810)
    Grapes, fresh (080610)
    Peaches, incl. nectarines, prepd./presvd., whether or not cont. added sugar … (200870)
    Pears- fresh (080830)
    Potatoes, prepd./presvd. othw. than by vinegar/acetic acid, frozen, other t … (200410)
    Tomatoes, prepd./presvd. othw. than by vinegar/acetic acid, other than whol … (200290)
    Vegetable seeds, of a kind used for sowing (120991)

    agriexchange.apeda.gov.in

    Kidney beans, incl. white pea beans (phaseolus vulgaris), dried, shelled, w … (071333)

    agriexchange.apeda.gov.in

    Lentils, dried, shelled, whether or not skinned/split (071340)

    agriexchange.apeda.gov.in

    Fish fillet, frozen, catfish (Pangasius spp, Silurus spp, Clarias spp, ictalurus spp) (030462)
    Fish fillet; frozen, tilapias (Oreochromis spp.) (030461)
    Fish fillets, frozen, salmon, Pacific (Oncorhynchus nerka, goirbuscha, keta, kisutch, masou, rhodurus, Atlantic (Salmo salar) and Danube (Hucho hucho) (030481)
    Fish preparation; tunas, skipjack and Atlantic bonito (sarda spp), prepared or preserved, whole or in pieces (but not minced) (160414)
    Fish; frozen, skipjack or stripe-bellied bonito, excluding fillet, livers, roes and other fish meat of heading 0304 (030343)

    fishexchange.mpeda.gov.in

    GROUND-NUT, NOT ROASTED OR OTHERWISE COOKED, WHETHER OR NOT SHELLED OR BROKEN-IN SHELLED WHETHER OR NOT BROKEN (120242)
    Nuts (excl. ground-nuts), incl. mixts., prepd./presvd., whether or not cont … (200819)
    Walnuts, in shell (080231)

    agriexchange.apeda.gov.in

    Rice in the husk (paddy/rough) (100610)

    agriexchange.apeda.gov.in
Employment Opportunities

*Information subject to changes amid the global COVID-19 pandemic.

Mexico boasts of a friendly attitude towards expats, an unrivaled climate, and a noticeably low cost of living. World Bank analysts have predicted that Mexico’s economy will be the fifth largest by 2050. The majority of jobs are in the capital, Mexico City, which is the base for most international companies and large Mexican companies, but you may also find work in Guadalajara, Puebla, Monterrey, Juárez or León. The country’s GDP still mainly depends on oil, tourism and foreign-currency remissions from Mexicans working abroad. However, the opening-up of Mexico’s economy is also creating a demand for experienced workers in engineering, communication and technical sectors. The Indian community (PIOs/NRIs) in Mexico is around 9,600 with about one fifth of them in Mexico City, and the rest spread in Guadalajara, Monterrey, Cuernavaca, Queretaro, etc. The bulk is formed by IT professionals working for TCS, Infosys and WIPRO. Others comprise executives of Indian and international companies, academics and some businessmen mostly in textile and garment business.

You need to have a job offer or work contract from a company registered in Mexico to apply for a work permit.

The company has to apply for the work permit with the Instituto Nacional de Migración (INM)

You can stay in Mexico on a tourist visa until you get your visa in the Mexican consulate of your home country

Once the application is accepted, the INM will process the case and make a decision within 20 days.

If the application is approved by the INM you will have to go to your Mexican consulate and pass an interview to collect your work permit

Government of Mexico official website

    A slate of infrastructure projects like roads, rail, ports and logistics, are coming up in Mexico and there will be job opportunities for expat workers.

    Government of Mexico official website

    Product engineer, production supervisor, plant manager

    Many automotive companies have invested in facilities and plants in Mexico, taking advantage of its strategic location, large market and investment friendly policies.Mexico is the 4th largest global exporter of light vehicles and is ranked 6th in the auto-parts industry. The latter provides over 800,000 jobs. This reputation has inspired giants such as Volkswagen, Nissan and General Motors to establish themselves in Mexico and continue to invest in expanding their presence.

    Government of Mexico official website

    Financial Advisor

    Financial services plays an important role in Mexico’s economy. Mexico has one of Latin America’s most developed banking systems and a financial technology sector that is growing rapidly. Currently, there are over 334 fintech startups in Mexico

    Government of Mexico official website

    Housekeeper, massage therapist, server, steward, bartender

    The Mexican service sector, at around 60% of gross domestic product (GDP), is strong, led by a robust tourism industry. Tourism is an important economic sector in Mexico and is booming.

    Government of Mexico official website

    Project Manager – IT, Automation Engineer – Robotics, Java Developers, ecommerce specialist, software developer/engineer

    Many Indian IT firms have set up shop in Mexico. Mexico is changing rules which will enable foreign firms to employ a higher proportion of highly skilled workforce from abroad. Mexico has the third highest number of IT professionals in the world after India and Philippines.

    Government of Mexico official website

    Supply chain manager / logistics manager, workers, manufacturing plant managers, mechanical lead engineer

    The manufacturing base is dominated by companies that import raw materials and export finished goods under the North American Free Trade Agreement (Nafta) back to the US and Canada.

    Government of Mexico official website

    Mexico’s oil and gas sector has been substantially deregulated. Measures taken in 2013 to open the industry to foreign participation, particularly in the area of exploration, will set the country’s economy on a course to enhance its competitive position globally

    Government of Mexico official website

    Teachers of English as a foreign language, university teachers, and international school teachers

    Because English speaking skills are essential for many professions in Mexico, English teaching jobs can be found in all areas of the country, with students of all ages. Licensed teachers looking for opportunities to teach in Mexico can do so in international schools. The majority of international schools are located in Mexico City or Guadalajara, although cities such as Cancun and Puerto Vallarta, which have thriving tourist industries, are also home to international schools

    Government of Mexico official website
Minerals

    Production – 677.161 tonnes

    sgm.gob.mx

    Production – 2,084,000 barrels per day

    eia.gov

    Production – 141.14 tonnes

    sgm.gob.mx

    Production – 7,243 tonnes

    sgm.gob.mx

priority sectors

Here are the leading sectors of opportunities for foreign investors

Top Import/ Export Items

India's top import from Mexico
  • Crude oil
  • Fertilizers
  • Iron & steel
  • Electrical and mechanical equipment
  • Photographic products
  • Automobile parts
India's top export to Mexico
  • Vehicles and automobile parts
  • Engineering goods
  • Chemicals
  • Pharmaceuticals
  • Gems & jewellery
  • Textiles and readymade garments
  • Aluminium products
  • Agriculture products

Bilateral Investors

Country News