New Mexico Manufacturing Facts

Manufacturers in New Mexico account for 4.07% of the total output in the state, employing 3.20% of the workforce. Total output from manufacturing was $4.05 billion in 2018. In addition, there were an average of 27,000 manufacturing employees in New Mexico in 2019, with an average annual compensation of $55,931.12 in 2018.

Manufacturing Output and Firms

Total Manufacturing Output ($billions, 2018)
$4.05
(Percent share of total gross state product)
4.07%
Manufacturing Firms in New Mexico (2017)
1,281

Employment and Compensation

Manufacturing Employment (2019)
27,000
(Percent share of nonfarm employment)
3.20%
Average Annual Compensation (Manufacturing, 2018)
$55,931.12
(Nonfarm Businesses, 2018)
$40,334.10

Sources: U.S. Bureau of Economic Analysis and the U.S. Census Bureau

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New Mexico Export Facts

Manufacturers help to drive New Mexico’s economy, with $4.54 billion in manufactured goods exports in 2019. That same year, $2.62 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 18.80% of its employment stemmed from exports in 2011. Small businesses comprised 84.00% percent of all exporters in New Mexico.

Manufacturing Exports

Manufactured Goods Exports ($billions, 2019)
$4.54
(Percent share of total goods exports)
94.60%
Growth in Manufactured Goods Exports (2010–2019)
219.43%
U.S. Jobs Supported by Goods Exports (2016)
13,868
Employment from Manufacturing Exports (Export share of manufacturing jobs, 2011)
18.80%
Small Business Share of Total Exporters (2015)
84.00%
Manufactured Goods to Free Trade Agreement Partners ($billions, 2019)
$2.62
(Percent of total exports, 2019)
57.75%
Total Manufactured Goods Exports to Canada and Mexico (USMCA, 2019)
$2.35
Top Five Export Markets (Percent of total manufactured goods exports, 2019)
51.84%
Mexico
49.36%
China
20.12%
Japan
6.05%
Saudi Arabia
3.94%
United Arab Emirates
3.21%

Sources: International Trade Administration, U.S. Census Bureau

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Additional Trade Facts

  • The 20 U.S. FTA partners purchased 48.3% ($659.49 billion) of U.S. manufactured goods exports in 2019 – even though these countries represent only six percent of the world’s population and 10 percent of GDP.
  • FTA countries: Australia, Bahrain, Canada, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, Mexico, Morocco, Nicaragua, Oman, Panama, Peru, Singapore and South Korea.