The state’s largest manufacturing export category is computer & electronic products, which accounted for $2.0 billion of New Mexico’s total goods exports in 2018.
What is New Mexico’s biggest import?
Imports In 2021, United States’ New Mexico imported $6.03B, making it the 43rd largest importer out of the 53 importers in United States. In 2021 top imports of New Mexico were Parts and accessories of data processing… ($1.36B), Instruments, appliances for medical, etc science,…
What are Mexico’s top 3 exports?
Mexico’s Top Exports
- Crude petroleum – $9.78 billion.
- Gold – $4.82 billion.
- Refined petroleum – $2.82 billion.
- Copper ore – $2.47 billion.
- Silver – $1.81 billion.
What is the number 1 export in Mexico?
Searchable List of Mexico’s Most Valuable Export Products
| Rank | Mexico’s Export Product | 2021 Value (US$) |
|---|---|---|
| 1 | Cars | $39,909,676,000 |
| 2 | Computers, optical readers | $33,319,432,000 |
| 3 | Trucks | $30,686,694,000 |
| 4 | Automobile parts/accessories | $30,525,328,000 |
What is New Mexico’s biggest industry?
government and related services
As of 2019, government and related services was the largest industry, accounting for about 23% of the GDP, which was 1.7% lower compared to the decade before. Finance, insurance, real estate, leasing, and rental jointly account for about 17%.
What are the natural resources of New Mexico?
Most of New Mexico’s mineral production comes from coal, copper, and potash. Other commodities produced in the state include a variety of industrial minerals (including stone and aggregate), sulfuric acid, molybdenum, gold, uranium, and silver.
What are some fun facts about New Mexico?
Here’s 16 facts about New Mexico that you’d never guess.
- New Mexico is wine country.
- Taos Pueblo has been inhabited for over a thousand years.
- New Mexico has more PhDs per capita than any other state.
- Santa Fe is the nation’s highest state capital.
- You can see five different states from the top of Capulin Volcano.
Who is Mexico’s biggest trade partner?
The United States
The United States is Mexico’s most important trading partner, and U.S.-based companies account for more than half of Mexico’s foreign investment. The United States is also the source of between two-fifths and one-half of Mexican imports and the destination for some four-fifths of the country’s exports.
What is the average income of a person living in Mexico?
In 2019, the average wage in Mexico achieved its highest level since 2009, amounting to 16,771 U.S. dollars per year.
Does Mexico depend on the US?
4 Mexico’s economy relies heavily on the United States as an export market. The value of exports equaled 39% of Mexico’s GDP in 2019, as shown in Table 1, and approximately 80% of Mexico’s exports were headed to the United States.
What is Mexico’s main source of income?
Sales from oil account for nearly a third of all government revenue. Remittances from Mexican immigrants in the United States to their families back home are a major source of income in Mexico, second only to oil and surpassing even the tourism industry.
What is Mexico’s biggest export to us?
Mexico-United States In 2020, Mexico exported $326B to United States. The main products that Mexico exported to United States are Cars ($29.1B), Computers ($28.5B), and Motor vehicles; parts and accessories (8701 to 8705) ($22.9B).
What is Mexico’s biggest food export?
Mexico’s agri-food exports top $20 billion in first half of 2020
- Avocados, $1.8 billion.
- Tomatoes, $1.4 billion.
- Tequila and mezcal, $1.04 billion.
- Sugar and sweeteners, $949 million.
- Peppers and chiles, $873 million.
Is New Mexico rich or poor?
In 2017 New Mexico’s gross domestic product was $94.2 billion. In 2017 the per capita personal income was $39,811 (ranked 48th in the nation). In 2008 the percentage of persons below the poverty level was 17.1%.
Economy of New Mexico.
| Statistics | |
|---|---|
| Population below poverty line | 17.1% |
| Gini coefficient | 0.453 |
| Labor force | 934,200 |
| Unemployment | 6.6% |
Who is the biggest employer in New Mexico?
Federal Government
LARGEST EMPLOYERS IN NEW MEXICO
| Rank | Organization | Employees |
|---|---|---|
| 1 | Federal Government (see breakdown below) | 21766 |
| 2 | State of New Mexico (see breakdown below) | 18359 |
| 3 | Wal-Mart | 14022 |
| 4 | Sandia National Laboratories | 12206 |
Why is New Mexico such a poor state?
The list, according to Wallin, include economic inequality, high rates of working poor, high unemployment rates, lack of funding for early childhood education, and lack of funding for higher education. And those are just a few of the underlying issues, Wallin said.
What is New Mexico best known for?
New Mexico is known for: Diverse landscape. Birthplace of the nuclear bomb. Ancient Pueblo People.
What is New Mexico known for producing?
New Mexico leads in cash receipts for pecan production with superior quality nuts and some of the largest orchards. New Mexico’s agriculture is as diverse as the state’s culture, geography, and climate. Produce grown across the state includes onions, potatoes, pumpkins, watermelons, lettuce, cabbage, corn, and beans.
What is New Mexico’s most vital resources?
Minerals are the state’s richest natural resource, and New Mexico is one of the U.S. leaders in output of uranium and potassium salts. Petroleum, natural gas, coal, copper, gold, silver, zinc, lead, and molybdenum also contribute heavily to the state’s income.
Why is it illegal to wear a sombrero in New Mexico?
There’s nothing illegal about wearing a sombrero in New Mexico, but start dancing in it and you’re breaking the law. It might not seem like dancing in a Sombrero would cause any reason to be banned, but the State lawmakers certainly disagreed.
What does New Mexico have that no other state has?
New Mexico has not one but three outstanding UNESCO World Heritage Sites, more sites than any other US state.