Nicknamed “The Granite State” and “The White Mountain State” located in the New England region within America’s northeast, New Hampshire shipped US$7.3 billion worth of products around the world in 2022.

That dollar amount results from a 24.5% increase from $5.8 billion four years earlier in 2019.

Year over year, the overall value of goods exported from New Hampshire gained 14% compared to $6.4 billion for 2021.

New Hampshire ranks down the list of America’s 40 most lucrative exporters by state lagging front-runners including Texas, California, Louisiana, New York State and Louisiana. The value of New Hampshire’s exports equals 0.4% of United States’ overall exported products for 2022.

Based on research from Statista, New Hampshire’s exported products represent 8.7% of the state’s total economic output or real Gross Domestic Product in 2022 ($83 billion).

Given New Hampshire’s population of 1.395 million people, its total $7.3 billion in 2022 exports translates to roughly $5,200 for every resident in the Granite State. That dollar metric reflects an upturn from the average $4,600 per capita in 2021.

New Hampshire’s unemployment rate was 2.4% at the end of March 2023, up from the 2.1% jobless rate one year earlier per YCharts.

New Hampshire’s Top 10 Exports

The following export products represent the highest dollar value in New Hampshire global shipments during 2022. Also shown is the percentage share each export category represents in terms of overall exports from New Hampshire.

Figures are shown at the more granular six-digit Harmonized Tariff System code level, for more precise product identification.

1. Civilian aircraft, parts including engines: US$1.3 billion (17.7% of New Hampshire’s exports)
2. Immunological products (not in dosage): $350.3 million (4.8%)
3. Mixed medicines (not in dosage): $231.8 million (3.2%)
4. Modems, other reception/transmission equipment: $222.6 million (3.1%)
5. Office machine parts, accessories: $217.5 million (3%)
6. Machine tool parts, accessories: $166 million (2.3%)
7. Bombs, mines, ammunition: $160.9 million (2.2%)
8. Smartphones: $140.9 million (1.9%)
9. Small portable digital computers: $139.9 million (1.9%)
10. Miscellaneous wireless cell phones, e-phones: $130.7 million (1.8%)

New Hampshire’s top 10 exports accounted for 42% of the overall value of the state’s global shipments.

Bombs, mines and ammunition represent the fastest grower among the top 10 export categories, up by 313.9% from 2021 to 2022.

In second place for improving export sales were immunological products not in dosage which rose 235.9%.

New Hampshire’s shipments of modems and other reception or transmission equipment posted the third-fastest gain in value, up by 60.8%.

The severest year-over-year decline among New Hampshire’s top 10 export products was recorded for small portable digital computers, dragged down by a -16.4% reduction from 2021.

More Key Facts about New Hampshire’s International Trade

New Hampshire incurred an overall -$2.34 billion deficit exporting and importing products during 2022. That dollar amount reflects a 34.2% expansion from -$1.74 billion in red ink in 2021.

Another way of saying surplus or deficit is positive or negative net exports. In a nutshell, the term “net exports” quantifies the amount by which foreign spending on a state’s goods or services exceeds or lags that same state’s spending on foreign goods or services.

Below are New Hampshire’s top 10 import products highlighting the state’s highest spending on foreign-made goods in 2022.

1. Turbo-jet parts: US$2.3 billion (23.9% of New Hampshire’s imports)
2. Miscellaneous petroleum oils not biodiesel: $728.2 million (7.6%)
3. Footwear covering ankle (rubber/plastic/ leather outer soles): $259.8 million (2.7%)
4. Plastic plates, sheets, foil, film, strips: $235.1 million (2.5%)
5. Other footwear (leather upper, rubber sole): $218.8 million (2.3%)
6. Gears, gear boxes, ball or roller screws: $174.5 million (1.8%)
7. Petroleum bitumen: $144.2 million (1.5%)
8. Modems, similar reception/transmission devices: $119 million (1.2%)
9. Coniferous wood sawn or chipped length-wide: $114.6 million (1.2%)
10. Other footwear (textile upper, plastic or rubber sole): $92.7 million (1%)

New Hampshire has highly negative net exports in the international trade of turbo-jet or turbo-propeller parts, as well as petroleum-related goods. In turn, these cashflows indicate New Hampshire’s competitive disadvantages under those product categories.

New Hampshire’s Major Trade Partners

The following list shows the top 10 customers that purchased about two-thirds (66.2%) worth of the total value of products exported from New Hampshire during 2022.

1. Canada: US$1.13 billion (15.6% of New Hampshire’s exports)
2. Germany: $1.1 billion (15.1%)
3. Mexico: $552.5 million (7.6%)
4. United Arab Emirates: $415.7 million (5.7%)
5. Ireland: $401 million (5.5%)
6. mainland China: $371.9 million (5.1%)
7. Hong Kong: $258.9 million (3.6%)
8. Japan: $234.2 million (3.2%)
9. Italy: $173 million (2.4%)
10. Romania: $171.1 million (2.4%)

New Hampshire’s top trade partners in North America (Canada and Mexico) bought 23.2% of the state’s overall export sales.

That percentage lags the 25.4% share for major purchasers from Europe (Germany, Ireland, Italy and Romania), and the 17.7% share of leading importer in Asia plus the Middle East (United Arab Emirates, mainland China, Hong Kong and Japan).

New Hampshirite Export Companies

Two New Hampshire-based corporations rank among Fortune 1000 Companies, a list that showcases America’s largest businesses. These are listed below.

• PC Connection (computer hardware, software, services)
• Sprague Resources LP (petroleum, natural gas)

Shown within brackets for each company is a summary of the international trade-related products or services which each business sells.
 

New Hampshire’s capital is Concord, a city named to reflect the “concord” (harmonious agreement) in 1765 resolving a bitter dispute over land boundaries.

See also Indiana’s Top 10 Exports, Nebraska’s Top 10 Exports, Wisconsin’s Top 10 Exports, Delaware’s Top 10 Exports and Vermont’s Top 10 Exports

Research Sources:
Department of Numbers, New Hampshire GDP (dollars shown in real terms). Accessed on May 6, 2023

FlagPictures.org, Flags of US States. Accessed on May 6, 2023

Forbes, 2019 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on May 6, 2023

GeoLounge, Fortune 1000 Companies List for 2019 , Fortune 1000 by State and Place. Accessed on May 6, 2023

International Trade Centre, Trade Map. Accessed on May 6, 2023

Investopedia, Net Exports Definition. Accessed on May 6, 2023

State Symbols USA, State Nicknames. Accessed on May 6, 2023

United States Census Bureau, QuickFacts: New Hampshire. Accessed on May 6, 2023

USA Trade Online, Official Source of Trade Statistics. Accessed on May 6, 2023

Wikipedia, Categories:Companies based in New Hampshire. Accessed on May 6, 2023

Wikipedia, List of U.S. states and territories by GDP. Accessed on May 6, 2023

Wikipedia, New Hampshire. Accessed on May 6, 2023

World’s Capital Cities, Capital Facts for Concord, United States. Accessed on May 6, 2023

YCharts, Regional and State Employment and Unemployment Report. Accessed on May 6, 2023