Manufacturing Economy Monitor
Chemical Products Manufacturing in New Mexico
Chemical Products manufacturing added $492M of value to New Mexico's economy in 2024, up 18.0% year over year. That ranks New Mexico 44th of 51 states and DC for this industry. It is 10.3% of New Mexico's manufacturing output. Nationally, chemical products is a $578B industry (the 1st-largest of the 19 manufacturing subsectors), per the U.S. Bureau of Economic Analysis.
Output and rank
- Value added: $492M in 2024, #44 of 51 states and DC for this industry.
- Growth: +18% year over year.
- Share of New Mexico's manufacturing: 10.3% of the state's total manufacturing value added.
- National context: chemical products is a $578B industry nationally, #1 of the 19 manufacturing subsectors (+4.3% year over year).
- Classification: nondurable goods manufacturing (BEA subsector 325).
Frequently asked questions
- How big is the chemical products industry in New Mexico? Chemical Products added $492M of value in New Mexico in 2024, ranking the state 44th of 51 for this industry, per BEA state GDP-by-industry data.
- Is chemical products growing in New Mexico? New Mexico's chemical products output grew 18.0% year over year to 2024. The chart above traces the full annual series since 1997.
- What share of New Mexico's manufacturing is chemical products? Chemical Products is 10.3% of New Mexico's total manufacturing value added in 2024, per BEA state GDP-by-industry data.
About this data
- Source: U.S. Bureau of Economic Analysis (public domain). National quarterly values are seasonally adjusted annual rates. Corporate-profit industry detail reflects inventory valuation adjustment without capital consumption adjustment, per NIPA table 6.16D conventions.
Last reviewed 2026-05-12.