NM expects record-breaking exports this year
Posted at: 08/19/2013 7:22 AM
By: The Associated Press
ALBUQUERQUE (AP) - New Mexico is expected to have its second record-breaking year in its exports to Mexico.
The Albuquerque Journal reports that the state's exports jumped 20 percent in the first six months of 2013, from $310 million in 2012 to $372 million.
That follows a 33 percent jump in exports for all of 2012, when shipments to Mexico reached a record $617 million.
If trends hold through December, state exports will surpass $700 million.
The numbers reflect strong activity in Mexico's maquila industry.
Companies at Santa Teresa's two industrial parks ship a wide variety of supplies to Mexico's assembly factories, such as manufactured metal parts, plastic injectors, packaging and resins.
Gov. Susana Martinez also signed an agreement last year with the state of Chihuahua to strengthen trade relations.