India’s merchandise exports to Mexico stood at $5.73 billion in 2025-26, with automobiles accounting for the largest share at $1.92 billion. India and Mexico are preparing to formally begin negotiations for a preferential trade agreement (PTA) this week as Indian exporters face tariffs of up to 50% on a range of goods. India-Mexico merchandise trade stood at USD 8.74 billion in 2024, with India recording a USD 2.72 billion.