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In a recent report released by the New Mexico Economic Development Department on February 7, 2026, it was announced that the state has broken previous records in international trade, marking a significant milestone in the state's economic growth.According to the report, New Mexico saw a 15% increase in exports during the last quarter, with a total value of $2.5 billion. This impressive figure surpasses the previous record set in the same period last year by over $300 million. The state's top export categories included machinery, transportation equipment, electrical machinery, and mineral fuels.One of the key factors contributing to this growth was the state's strategic partnerships with countries such as Mexico, Canada, and China. These nations accounted for a significant portion of New Mexico's exports, with Mexico alone representing over 40% of the state's total exports. Additionally, the implementation of new trade agreements and initiatives aimed at promoting international trade played a crucial role in driving export growth.In terms of imports, New Mexico also saw a notable increase of 12%, totaling $1.8 billion. The state's top imported goods included machinery, electrical machinery, vehicles, and mineral fuels. Despite the rise in imports, the overall trade balance remained positive, signaling a healthy trade relationship with key trading partners.State officials have expressed optimism about the continued growth of New Mexico's international trade sector, citing the state's diverse economy and strategic geographic location as key factors driving expansion. Additionally, ongoing efforts to promote trade diversification and attract foreign investment are expected to further boost trade activity in the coming months.Governor Michelle Lujan Grisham praised the latest trade report, highlighting the importance of international trade in driving economic growth and creating job opportunities for New Mexicans. She emphasized the state's commitment to fostering a business-friendly environment that supports local businesses and encourages global trade partnerships.With New Mexico's international trade sector showing strong signs of growth and resilience, the state is poised to make further strides in expanding its global presence and solidifying its position as a key player in the international marketplace.