On February 12, Governor Susana Martinez held a press conference in Albuquerque to announce New Mexico’s dramatic increase in exports to the world and to Mexico in 2014. During the event, she discussed New Mexico’s growing export base, the industrial development in the Santa Teresa region on the Mexican border, and the entrepreneurship of New Mexicans who have made the increased exports possible. International Business Accelerator (IBA) Executive Director Jerry Pacheco was asked to accompany the governor at the press conference and to say a few words about the increase in exports. Governor Martinez recognized the work that the IBA has been doing to build New Mexico’s export base and congratulated the organization on its work with clients.
2014 New Mexico Export Recap
- In 2014, New Mexico led all U.S. states in percentage growth of exports to Mexico with 93% increase. The next highest state was Montana, which saw its exports to Mexico grow by 66%.
- Total state exports to Mexico climbed from $802 million in 2013 to $1.549 billion in 2014
- Mexico is New Mexico’s number one export market, accounting for 41% of state exports, followed by Israel at 21%, Italy at 7%, Canada at 6% and both China and Ireland at 3%. Previously, the U.S. Department of Commerce has estimated that more than one-half of the state’s exports to Mexico originate in southern Doña Ana County.
- New Mexico’s exports to the world rose 39% in 2014 to a total of $3.789 billion.
Source: International Trade Administration TradeStats Express: http://tse.export.gov/TSE/TSEReports.aspx?DATA=SED
Article courtesy of the International Business Accelerator.
