SANTA FE -- Governor Susana Martinez announced that New Mexico led the nation in export growth in 2012, increasing exports by 42 percent over 2011, according to figures released by the International Trade Administration (ITA).
New Mexico was one of only 11 states to achieve double-digit export growth and led the next-highest growing state by six percentage points.
"New Mexico has great potential to compete globally and Im proud that we have taken advantage of our numerous opportunities to increase exports to foreign countries," said Governor Martinez. "We know that there are more uncertain economic times on the horizon, with federal budget cuts poised to have a measurable impact on our state. However, these numbers are a step in the right direction as we work to diversify our economy, expand our private sector, and make New Mexico competitive for years to come."
"This administration has worked to capitalize on New Mexico's great trade potential and respond to the need to compete globally," Economic Development Department Secretary Jon Barela added. "We have focused on connecting New Mexico products with markets around the world - from improving infrastructure at the Borderplex to implementing pro-business policies in Santa Fe to organizing international trade missions. We are making New Mexico a better place for exporters to do business."
According to the ITA, New Mexico saw the highest increase in exports compared to 2011 with Brazil, Israel, Chile, Saudi Arabia, and France.