New Mexico

State in United States

Exports (2019): $4.79B, Rnk 42/53

Top Destination (2019): $2.39B, Mexico

Top Export (2019): $1.19B, Parts and accessories of data processing...

Imports (2019): $4.45B, Rnk 43/53

Top Origin (2019): $1.48B, China

Top Import (2019): $989M, Parts and accessories of data processing...

Economic Complexity (2019): 0.24, Rnk 30 / 53

Overview: This page contains the latest international trade data for New Mexico, including export and import data.

Exports: In 2019, United States' New Mexico exported $4.79B, making it the 42nd largest exporter out of the 53 exporters in United States. In 2019 the top exports of New Mexico were Parts and accessories of data processing... ($1.19B), Electronic integrated circuits: processors and controllers,... ($617M), Munitions of war, ammunition/projectiles and parts ($358M), Instruments, appliances for medical, etc science,... ($353M), and Radar apparatus ($211M).

Imports: In 2019, United States' New Mexico imported $4.45B, making it the 43rd largest importer out of the 53 importers in United States. In 2019 top imports of New Mexico were Parts and accessories of data processing... ($989M), Instruments, appliances for medical, etc science,... ($315M), Natural uranium, its compounds, mixtures ($241M), Machines and apparatus of a kind... ($179M), and Cattle: live, other than pure-bred breeding... ($162M).

Economic Complexity: In 2019, the highest complexity exports of New Mexico according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.25), Chemical Analysis Instruments (1.78), Metal Pickling Preparations (1.71), Iron Fasteners (1.66), and Electric Soldering Equipment (1.65). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Depth
Year

Top Destination (2019): Mexico, $2.39B

Top Product (2019): Parts and accessories of data processing..., $1.19B

In 2019 the top export destinations of New Mexico were Mexico ($2.39B), China ($921M), Japan ($279M), Saudi Arabia ($180M), and United Arab Emirates ($146M).

In 2019 the top exports of New Mexico were Parts and accessories of data processing... ($1.19B), Electronic integrated circuits: processors and controllers,... ($617M), Munitions of war, ammunition/projectiles and parts ($358M), Instruments, appliances for medical, etc science,... ($353M), and Radar apparatus ($211M).

Export Dynamics

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Fastest Growing Exports Destination (September 2019 - September 2020)

Rapidly Declining Export Origins (September 2019 - September 2020)

Yearly Imports

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Depth
Year

Top Origin (2019): China, $1.48B

Top Import (2019): Parts and accessories of data processing..., $989M

In 2019 the top import origins of New Mexico were China ($1.48B), Mexico ($1.39B), Canada ($493M), Japan ($184M), and Switzerland ($152M).

In 2019 the top imports of New Mexico were Parts and accessories of data processing... ($989M), Instruments, appliances for medical, etc science,... ($315M), Natural uranium, its compounds, mixtures ($241M), Machines and apparatus of a kind... ($179M), and Cattle: live, other than pure-bred breeding... ($162M).

Import Dynamics

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Fastest Growing Import Origins (September 2019 - September 2020)

Rapidly Declining Import Origins (September 2019 - September 2020)

Comparison in Time

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This section shows differences between total trade from New Mexico throughout time.

This section shows forecasts for total exports and imports from New Mexico. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of United States

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New Mexico ranks 30th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were New Mexico already has a comparative advantage, are led by Other Electrical Machinery (0.11), Broadcasting Accessories (0.11), Thermostats (0.11), Microscopes (0.11), and Electrical Control Boards (0.11).

Most Complex Products by PCI

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The highest complexity exports of New Mexico according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.25), Chemical Analysis Instruments (1.78), Metal Pickling Preparations (1.71), Iron Fasteners (1.66), and Electric Soldering Equipment (1.65). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Explosive Ammunition (209), Navigation Equipment (34.7), Nickel Powder (31.1), Office Machine Parts (21.6), and Disc Chemicals for Electronics (15.7).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since New Mexico is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  New Mexico. These are products that tend to be co-exported with the products that New Mexico exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth
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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.