New Mexico

New Mexico Exports and Foreign Investment

In 2025, New Mexico exported a record $15.3 billion of goods to the world. In 2023, exports from New Mexico supported an estimated 14 thousand jobs (latest data available).

Exports from New Mexico and Jobs

• New Mexico was the 30th largest state exporter of goods in 2025.
• In 2025, New Mexico goods exports were $15.3 billion, an increase of 304 percent ($12 billion) from its export level in 2015.
• New Mexico goods exports in 2023 supported an estimated 14 thousand jobs (latest data available). Nationally, jobs supported by goods exports pay up to an estimated 18 percent above the national average.

Manufacturing Exports from New Mexico and Jobs

• In 2025, New Mexico exported $14.9 billion of manufactured products.
• New Mexico’s exports of manufactured products supported an estimated 13 thousand jobs in 2023 (latest data available).
• The state's largest manufacturing export category was computer & electronic products, which accounted for $12.9 billion of New Mexico's total goods exports in 2025.
• Other top manufacturing exports were electrical equipment, appliances & components ($480 million), chemicals ($342 million), machinery, except electrical ($269 million), and food & kindred products ($259 million).

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

• A total of 1,246 companies exported from New Mexico locations in 2023 (latest data available). Of those, 1,042 (84 percent) were small and medium-sized enterprises with fewer than 500 employees.
• Small and medium-sized firms generated 71.6 percent of New Mexico's total exports of goods in 2023.

New Mexico's Largest Export Markets

• The state’s largest export market was Mexico. New Mexico exported $7.1 billion in goods to Mexico in 2025, representing 47 percent of the state’s total goods exports.
• Mexico was followed by China ($3.1 billion), Malaysia ($2.8 billion), Vietnam ($775 million), and Japan ($254 million).
• New Mexico goods exports to major world areas included:

• 49 percent of New Mexico goods exports ($7.6 billion) in 2025 went to current FTA partners.

New Mexico's Top Agricultural Exports

• New Mexico was the country’s 35th largest agricultural exporting state, shipping $912 million in domestic agricultural exports abroad in 2024 (latest data available according to the U.S. Dept. of Agriculture). 1
• Top agricultural exports were:

	2024 Value	2024 State Rank
dairy products	$204 million	12
beef and veal	$176 million	15
tree nuts	$175 million	2
other plant products	$142 million	35
vegetables, processed	$55 million	16

International Investment Creates Jobs in New Mexico

• In 2023 (latest data available), foreign-controlled companies employed 22 thousand workers in New Mexico. Major sources of foreign investment in New Mexico included the United Kingdom, Canada, and Germany.

New Mexico’s Major Metropolitan Areas Benefit from Exporting

• In 2024 (latest data available), the following metropolitan areas in New Mexico recorded goods exports: Las Cruces ($7.2 billion), Albuquerque ($4.4 billion), Farmington ($19.6 million), and Santa Fe ($15.4 million).