Mexico Overtakes China in US Manufacturing Share and Expands Trade with India

The Mexican Institute for Competitiveness (IMCO) reports that Mexico has increased its share of U.S. imports in 22 NAICS sectors, displacing Chinese products. The biggest gains are in transport equipment, electronics, industrial machinery, plastics and rubber, diverse manufactures, furniture and beverages, each averaging over $1 billion in annual trade value.

IMCO highlights strategic sub‑sectors such as medical equipment, air‑conditioning, automotive and auto‑parts, valves and metal‑mechanical components, urging expanded production capacity and diversified investment into fast‑growing niches like toys, jewelry, office supplies, plastic piping and metal structures.

At the same time, bilateral trade between Mexico and India reached roughly $11.7 billion in 2025‑26, driven by manufacturing, chemicals, pharmaceuticals, plastics, automotive and industrial goods. Nearshoring has heightened demand for working‑capital financing as payment terms extend to 90‑120 days. Fintech platform Credlix seeks to bridge this financing gap and facilitate connections between Mexican and Indian firms.