Manufacturing Economy Monitor

Petroleum and Coal Products Manufacturing in New Mexico

Petroleum and Coal Products manufacturing added $437M of value to New Mexico's economy in 2024, down 10.7% year over year. That ranks New Mexico 30th of 51 states and DC for this industry. It is 9.2% of New Mexico's manufacturing output. Nationally, petroleum and coal products is a $161B industry (the 8th-largest of the 19 manufacturing subsectors), per the U.S. Bureau of Economic Analysis.

Output and rank

  • Value added: $437M in 2024, #30 of 51 states and DC for this industry.
  • Growth: -10.7% year over year.
  • Share of New Mexico's manufacturing: 9.2% of the state's total manufacturing value added.
  • National context: petroleum and coal products is a $161B industry nationally, #8 of the 19 manufacturing subsectors (-17.7% year over year).
  • Classification: nondurable goods manufacturing (BEA subsector 324).

Frequently asked questions

  • How big is the petroleum and coal products industry in New Mexico? Petroleum and Coal Products added $437M of value in New Mexico in 2024, ranking the state 30th of 51 for this industry, per BEA state GDP-by-industry data.
  • Is petroleum and coal products growing in New Mexico? New Mexico's petroleum and coal products output shrank 10.7% year over year to 2024. The chart above traces the full annual series since 1997.
  • What share of New Mexico's manufacturing is petroleum and coal products? Petroleum and Coal Products is 9.2% 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.