Mexico is a major market for apparel, man-made and cotton textiles. However, India’s share in is only 3 per cent. Owing to availability of raw material and infrastructure, Indian firms have a potential to increase their market share in all the categories. Over the last five years, Mexico’s total textile and apparel exports declined at a CAGR of -2 per cent to touch $6.43 billion in 2017, while imports increased at a CAGR of 1 per cent to reach $10.2 billion. It remained the 18th largest importer of textile and apparel products globally, and its textile and apparel trade deficit was $3.79 billion in 2017.

Man-made textile is the largest imported category in Mexico, representing 38 per cent of its total textile and apparel imports (2017). This is followed by apparel and cotton textiles with a share of 33 per cent and 12 per cent respectively. India was the third largest supplier of textile and apparel products to Mexico in 2017. Its exports of T&A to Mexico stood at $0.32 billion in 2017. In fact, India’s exports witnessed an increase of 2 per cent over the last five years.