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New Mexico

New Mexico Trade Facts

  • In 2018, New Mexico exported $3.7 billion of Made-in-America goods to the world. In 2016, exports from New Mexico supported an estimated 15 thousand jobs.

Exports from New Mexico and Jobs

  • New Mexico was the 43rd largest state exporter of goods in 2018.
     
  • In 2018, New Mexico goods exports were $3.7 billion, an increase of 31 percent ($872 million) from its export level in 2008.
     
  • Goods exports accounted for 3.7 percent of New Mexico GDP in 2017.
     
  • New Mexico goods exports in 2016 (latest year available) supported an estimated 15 thousand jobs. Nationally, jobs supported by goods exports pay up to an estimated 18 percent above the national average.

Made-in-America Manufacturing Exports from New Mexico and Jobs

  • In 2018, New Mexico exported $3.5 billion of manufactured products.
     
  • New Mexico exports of manufactured products supported an estimated 14 thousand jobs in 2016.
     
  • The state's largest manufacturing export category is computer & electronic products, which accounted for $2.0 billion of New Mexico's total goods exports in 2018.
     
  • Other top manufacturing exports are miscellaneous manufactured commodities ($217 million), transportation equipment ($214 million), other fabricated metal products ($193 million), and electrical equipment, appliances & components ($171 million). 

Exports Sustain Thousands of New Mexico Businesses many of which are SMEs

  • A total of 1,316 companies exported from New Mexico locations in 2016 (latest year available). Of those, 1,094 (83 percent) were small and medium sized enterprises with fewer than 500 employees.
     
  • Small and medium-sized firms generated 40.6 percent of New Mexico's total exports of goods in 2016.

New Mexico Depends on World Markets

  • The state’s largest market was Mexico. New Mexico exported $1.4 billion in goods to Mexico in 2018, representing 39 percent of the state’s total goods exports.
     
  • Mexico was followed by China ($1.1 billion), Japan ($241 million), Korea, South ($121 million), and Canada ($116 million).
     
  • New Mexico’s exports (2018 value) to major world areas included:

 

2018 Value

APEC

$3.2 billion

Asia

$1.6 billion

European Union

$303 million

South/Central America and Caribbean

$81 million

Sub-Saharan Africa

$8 million

 
  • 49 percent of New Mexico’s exports ($1.8 billion) go to current FTA partners. 

Agriculture in New Mexico depends on Exports

  • New Mexico is the country’s 34th largest agricultural exporting state, shipping $762 million in domestic agricultural exports abroad in 2017 (latest data available according to the U.S. Dept. of Agriculture).1

  • Top Agricultural exports (2017 value) were:

 

2017 Value

 2017 State Rank

tree nuts

$207 million

3

dairy products

$189 million

9

other plant products

$91 million

38

beef and veal

$89 million

16

vegetables, processed

$38 million

21

 

International Investment Creates Jobs in New Mexico

  • In 2015 (latest data available), foreign-controlled companies employed 18,000 New Mexico workers. Major sources of foreign investment in New Mexico included Canada, Germany and France.
     
  • Foreign investment in New Mexico was responsible for 3.2 percent of the state's total private-industry employment in 2015.

New Mexico’s Major Metropolitan Areas Benefit from Exporting

  • In 2017 (latest data available), the following metropolitan areas in New Mexico recorded goods exports: Las Cruces ($1.4 billion), Albuquerque ($624.2 million), Farmington ($114 million), Santa Fe ($26.9 million).

 

1Estimates of state exports of agricultural products by the U.S. Dept. of Agriculture and goods exports by the U.S. Dept. of Commerce are based on different methodologies and are not directly comparable.