Albuquerque Mayor Richard J. Berry applauded recent trade numbers released by the U.S. Department of Commerce International Trade Administration (ITA).
July 12, 2013
Albuquerque, NM— Today Albuquerque Mayor Richard J. Berry applauded recent trade numbers released by the U.S. Department of Commerce International Trade Administration (ITA). The ITA report placed Albuquerque 25th among of 370 U.S. Metropolitan Statistical Areas (MSAs) growing from $1 billion in exports in 2011 to about $1.8 billion in 2012, an astonishing 88.1 percent increase.
"International trade promotion is a major component of Albuquerque’s economic development strategy," said Mayor Berry. "We launched the Trade Alliance in partnership with Bernalillo County to spearhead this effort and these new numbers signal that we are moving in the right direction."
Albuquerque was the fastest growing exporting MSA (of MSA’s exporting more than $1 billion) from 2009-2012 and the second fastest growing of all U.S. metro areas over the same period. Albuquerque currently ranks 11th among U.S. MSAs for its share of state exports (2012) comprising 59.9 percent of New Mexico’s exports and playing an important role in New Mexico’s 2012 ranking as the nation’s fastest growing export state.
"This is precisely why we created the Trade Alliance,” added City Economic Development Director, John Garcia. “Since the City and County launched the Alliance last August it has assisted twenty-eight New Mexico companies, led thirteen companies to foreign markets on two Official Trade Missions to Mexico and Israel, and we are actively working foreign company recruitment leads that were generated as a result of the Alliance’s initiatives."
The Albuquerque-Bernalillo County Trade Alliance will kick off its second year with a Trade Mission to Taiwan from September 1-9. The Trade Mission will be led by County Commission Chair Maggie Hart Stebbins and will coincide with SEMICON, Taiwan’s largest semiconductor trade show. The Trade Mission will also include a visit to the Hsinchu Science and Technology Park, the Sister Park of Albuquerque’s Sandia Science and Technology Park.
"Our local companies are thinking globally and the County thanks and congratulates them for this achievement," noted Bernalillo County Economic Development Director, Mayling Armijo. "I hope that this will encourage even more companies to consider international business development. With the Trade Alliance, we can help."
The Trade Alliance is still accepting applications from New Mexico companies interested in the mission to Taiwan. The Alliance, in partnership with the New Mexico Office of International Trade, will research and identify business leads in Taipei for each participating company. Contact Randy Trask at [email protected] for more information or to apply.
The Albuquerque-Bernalillo County Trade Alliance is an intergovernmental partnership created to expand the region’s international trade promotion efforts. The Trade Alliance offers international business assistance to local companies and actively promotes the City/County as a strategic location for foreign industry to set up operations.