Manufacturing Economy Monitor
Wood Products Manufacturing in New Mexico
Wood Products manufacturing added $40M of value to New Mexico's economy in 2024, down 2.2% year over year. That ranks New Mexico 46th of 51 states and DC for this industry. It is 0.8% of New Mexico's manufacturing output. Nationally, wood products is a $58.6B industry (the 15th-largest of the 19 manufacturing subsectors), per the U.S. Bureau of Economic Analysis.
Output and rank
- Value added: $40M in 2024, #46 of 51 states and DC for this industry.
- Growth: -2.2% year over year.
- Share of New Mexico's manufacturing: 0.8% of the state's total manufacturing value added.
- National context: wood products is a $58.6B industry nationally, #15 of the 19 manufacturing subsectors (-2.7% year over year).
- Classification: durable goods manufacturing (BEA subsector 321).
Frequently asked questions
- How big is the wood products industry in New Mexico? Wood Products added $40M of value in New Mexico in 2024, ranking the state 46th of 51 for this industry, per BEA state GDP-by-industry data.
- Is wood products growing in New Mexico? New Mexico's wood products output shrank 2.2% year over year to 2024. The chart above traces the full annual series since 1997.
- What share of New Mexico's manufacturing is wood products? Wood Products is 0.8% 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.