New Mexico exports to Mexico nearly doubled in 2014
Thursday, February 12, 2015
Albuquerque Business Journal | The New Mexico International Business Accelerator has compiled new data that shows New Mexico has seen huge growth, especially on the border.
The new numbers, compiled by Jerry Pacheco and Josh Orozco, show that in 2014, New Mexico led all U.S. states in percentage of growth in exports to Mexico, with a 93 percent increase over 2013. Total state exports to Mexico climbed from $802 million to $1.54 billion in 2014.
The numbers, Pacheco said, are in line with New Mexico's overall increase in exports of 39 percent in 2014, to $3.79 billion.
New Mexico's top exports continue to be computer and electronic products, mostly led by Intel's exports, which totaled $755 million.
Though 2014 was a large growth year in petroleum and coal exports, those commodities only accounted for $108 million of the state's exports. Fabricated metal product exports, meanwhile, totaled nearly $114 million.
The top-four international export sectors from New Mexico in 2014 include:
Computer and Electronic Products:
Electrical Equipment, Appliances & Components:
Fabricated Metal Products:
Petroleum & Coal Products: