State’s exports to Mexico, China moving toward banner year

09/12/16 Alburquerque Journal

ALBUQUERQUE, N.M. — New Mexico is headed toward another banner year in trade with its southern neighbor.

Exports to Mexico grew 17.4 percent in the first half of 2016, from $758 million from January-June of last year to $890 million this year, according to the latest statistics from the U.S. Commerce Department.

It’s a trend that’s been holding steady for the last six years, pushing sales to Mexico to an all-time high of $1.68 billion in 2015. Given the continued growth, New Mexico appears headed for a new record this year, said Jerry Pacheco, executive director of the International Business Accelerator at Santa Teresa in southern New Mexico.

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