High-tech products lead New Mexico’s exports to destinations like Mexico, China, and South Korea. In 2022, New Mexico exported a total of $4.8 billion worth of goods, which help to support over 227,000 jobs in the state.

• In New Mexico, 227,200 jobs were supported by trade, representing 20.1% of all jobs in the state.^1,2
• In 2022, 1,304 companies exported goods from New Mexico of which 83% were small- and medium-sized enterprises. In 2021, 18,300 people were employed by affiliates of companies at least 50% foreign-owned.^3,4

• New Mexico exported $5.4 billion in goods to foreign markets in 2021, a 46% increase compared to 2020 driven by continued economic recovery from the impact of the COVID-19 pandemic on the global economy.⁵
  • Mexico ($3.2 billion)
  • China ($228 million)
  • Canada ($194 million)
  • South Korea ($116 million)
  • United Kingdom ($95 million)
• Agricultural exports are important to New Mexico's economy, totaling $926 million in 2022, according to the USDA.⁶
• Since 2014, the U.S. Export-Import Bank has financed $66 million in exports from 11 companies in New Mexico.⁷

• From 2022-2023, 2,369 international students were enrolled in New Mexico colleges and universities and contributed $60 million to the New Mexico economy.¹⁰

• Since 1961, 2,284 Peace Corps volunteers from New Mexico have served in dozens of countries overseas.¹¹

1. https://s3.amazonaws.com/brt.org/Business-Roundtable_TradeandAmericanJobs2022.pdf
2. https://www.businessroundtable.org/policy-perspectives/trade-international/benefits-of-trade-data
3. https://www.census.gov/foreign-trade/Press-Release/edb/edbrel2021.pdf
4. https://www.bea.gov/sites/default/files/2023-08/imne0823_0.pdf
5. https://www.trade.gov/data-visualization/state-economy-and-trade-factsheets
6. https://www.ers.usda.gov/data-products/state-fact-sheets.aspx#.U2ERwbQzqX8
7. https://www.exim.gov/customer-map/
8. https://www.mcc.gov/work-with-us/mcc-business/vehicles/
9. https://ustda.gov/ustda-success-by-state/
10. https://www.nafsa.org/policy-and-advocacy/policy-resources/nafsa-international-student-economic-value-tool-v2
11. https://www.peacecorps.gov/stories/peace-corps-announces-top-2023-volunteer-producing-states/