Trade with Mexico is not significant for India except in automobiles and metals. While automobile exports may slow due to higher duties, the overall impact on India’s exports is expected to be minimal. Metal exports remain unaffected as they fall under the exempt categories.

• Merchandise trade between India and Mexico grew at a CAGR of 6% from FY2016 to FY2025, with exports rising by 8% and imports by 3%. This expansion led to a three-fold increase in India’s trade surplus with Mexico—from USD 1 billion in FY2016 to USD 3 billion in FY2025.
• Mexico accounted for about 1% of India’s global merchandise exports in FY2025, with automobiles and metal products being the key product categories. While Mexico is an important destination for automobile exports, any decline in volumes due to higher tariffs is unlikely to significantly affect overall industry performance. Additionally, aluminium and nickel exports from India fall under exempt categories and hence won't be impacted much with higher tariffs.