New Mexico

Overview In January 2024 New Mexico exported $420M and imported $547M, resulting in a negative trade balance of $127M. Between January 2023 and January 2024 the exports of New Mexico have increased by $71.5M (20.5%) from $349M to $420M, while imports increased by $96.1M (21.3%) from $451M to $547M.

Trade In January 2024, the top exports of New Mexico were Office Machine Parts ($124M), Blank Audio Media ($38.4M), Aircraft Parts ($32.9M), Petroleum Gas ($31.6M), and Telephones ($13.6M). In January 2024 the top imports of New Mexico were Office Machine Parts ($104M), Medical Instruments ($84.3M), Machines and apparatus of a kind... ($39.2M), Integrated Circuits ($36.5M), and Telephones ($26.1M).

Destinations In January 2024, New Mexico exported mostly to Mexico ($317M), France ($32M), China ($11.3M), Canada ($10.3M), and South Korea ($7.71M), and imported mostly from Mexico ($198M), China ($117M), Taiwan ($54.7M), Canada ($34.5M), and Japan ($24.8M).

Growth In January 2024, the increase in New Mexico's year-by-year exports was explained primarily by an increase in exports to Mexico ($31.4M or 15.2%), China ($3.35M or 7.8%), and Colombia ($1.81M or 547%), and product exports increase in Aircraft Parts ($14.5M or 67.2%), Blank Audio Media ($6.99M or 165%), and Integrated Circuits ($4.83M or 30.5%). In January 2024, the increase in New Mexico's year-by-year imports was explained primarily by an increase in imports from Mexico ($26M or 13%), Japan ($11.6M or 100%), and Germany ($6.16M or 124%), and product imports increase in Medical Instruments ($19.5M or 24.1%), Oscilloscopes ($7.52M or 1.14k%), and Machines and apparatus of a kind... ($6.29M or 59.3%).