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NEW MEXICO EXPORTS

New Mexico leading in export growth

Posted

According to 2019 export statistics from the U.S. Census Bureau, New Mexico led all U.S. states in export growth percentage, 31 percent, to the world, and Santa Teresa and Doña Ana County are driving the boom, said Border Industrial Association (BIA) President Jerry Pacheco of Santa Teresa, N.M.

“In 2019, at 68 percent, New Mexico led all U.S. states in export growth percentage to Mexico,” Pacheco said, and the Santa Teresa Port of Entry (STPOE) moved up the list to become the fourth largest exporting port on the U.S.-Mexico border, and sixth for imports, he said.

“Overall, we are the fifth-most important port of entry on the U.S.-Mexico border,” Pacheco said. “At $30.5 billion, overall STPOE trade is up 17.4 percent compared to 2018. Exports are up 21 percent and imports are up 14.5 percent. 

“The total value of investment started or completed by the public sector in the Santa Teresa industrial base in 2019 was $66.1 million while the total value of investment started or completed by the private sector during the same time period was $180.85 million,” Pacheco said. 

“Doña Ana County and specifically the Santa Teresa industrial base, is the key factor driving New Mexico’s exports to number one in the nation. Thank you for your support,” he said.

Among 12 ports of entry along the U.S.-Mexico border in Texas, New Mexico, Arizona and California, the port at Laredo, Texas, had the highest total trade at almost $232 billion, but that figure was down more than one percent from 2018. The port at El Paso had $79 billion in total trade, down almost three percent from 2018. The Otay Mesa port in California had $49 billion in total trade in 2019, down 2.4 percent from 2018. The Hidalgo, Texas, port had almost $37 billion in trade last year, up 3.7 percent over 2018.

The only port among the 12 with a higher percentage of growth during 2018-19 was at Columbus, New Mexico. With $140.6 million in total trade last year, it was up almost 20 percent.

BIA, founded in 2009, is a “nonprofit industrial advocacy group comprised of 125 industrial members that account for 6,000 employees and billions of value-added production (and six million square feet of industrial space) and more than $1 billion in investment in the Santa Teresa-Las Cruces Corridor,” Pacheco said. It is the largest industrial association in New Mexico.

For more information, contact Pacheco at 575-589-2200 or jerry@nmbia.org. Visit www.nmbia.org.