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International trade supports about 218,000 jobs in New Mexico — about one in five jobs — at companies of all sizes, according to the New Mexico-based Business Roundtable. While exports bring money to New Mexico producers in an obvious way, imports also bring money to the state by supplying materials that keep the state’s manufacturers and retailers competitive.
In 2010, 1,056 New Mexico companies imported products to sell or use in manufacturing. Nearly 64 percent of these importers were small businesses with fewer than 20 employees.
Businesses new to importing can save money by using the services of trade professionals and learning the lingo of international trade.
Go with the pros: Using a customs broker is essential for saving money and time when arranging imports. A customs broker knows the ins and outs of international trade the way an attorney knows how to navigate the legal system. She can help the importer avoid costly fines, delays and storage problems that confound inexperienced do-it-yourselfers. Freight companies offer these same services, but they’re often based outside the state and aren’t familiar with the specific challenges of importing and moving freight in New Mexico.
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