New Hampshire Exports & Foreign Investment
In 2023, New Hampshire exported a record $7.6 billion of goods to the world. In 2021, exports from New Hampshire supported an estimated 21 thousand jobs.
Exports from New Hampshire and Jobs
- New Hampshire was the 35th largest state exporter of goods in 2023.
- In 2023, New Hampshire goods exports were $7.6 billion, an increase of 118 percent ($4.1 billion) from its export level in 2013 (latest data available).
- Goods exports accounted for 6.9 percent of New Hampshire GDP in 2023 (latest data available).
- New Hampshire goods exports in 2021 (latest data available) supported an estimated 21 thousand jobs. Nationally, jobs supported by goods exports pay up to an estimated 18 percent above the national average.
Manufacturing Exports from New Hampshire and Jobs
- In 2023, New Hampshire exported $7.3 billion of manufactured products.
- New Hampshire exports of manufactured products supported an estimated 20 thousand jobs in 2021 (latest data available).
- The state's largest manufacturing export category is computer and electronic products, which accounted for $1.9 billion of New Hampshire's total goods exports in 2023.
- Other top manufacturing exports are transportation equipment ($1.9 billion), machinery, except electrical ($1.1 billion), chemicals ($891 million), and electrical equipment, appliances and components ($352 million).
Exports Sustain Thousands of New Hampshire Businesses many of which are SMEs
- A total of 2,443 companies exported from New Hampshire locations in 2022 (latest data available). Of those, 2,091 (86 percent) were small and medium sized enterprises with fewer than 500 employees.
- Small and medium-sized firms generated 37.6 percent of New Hampshire's total exports of goods in 2022.
New Hampshire Depends on World Markets
- The state’s largest market was Canada. New Hampshire exported $1.4 billion in goods to Canada in 2023, representing 19 percent of the state’s total goods exports.
- Canada was followed by Germany ($1.3 billion), Mexico ($699 million), United Arab Emirates ($356 million), and China ($349 million).
- New Hampshire’s exports to major world areas included:
|
|
2023 Value |
|
APEC |
$3.4 billion |
|
Asia |
$1.9 billion |
|
European Union |
$3.0 billion |
|
South/Central America and Caribbean |
$225 million |
|
Sub-Saharan Africa |
$13 million |
- 34 percent of New Hampshire’s goods exports ($2.6 billion) in 2023 went to current FTA partners.
Agriculture in New Hampshire depends on Exports
- New Hampshire is the country’s 48th largest agricultural exporting state, shipping $79 million in domestic agricultural exports abroad in 2022 (latest data available according to the U.S. Dept. of Agriculture).[1]
- Top Agricultural exports were:
|
|
2022 Value |
2022 State Rank |
|
other plant products |
$53 million |
44 |
|
dairy products |
$10 million |
37 |
|
other poultry products |
$9 million |
39 |
|
other livestock products |
$5 million |
48 |
|
beef and veal |
$1 million |
47 |
International Investment Creates Jobs in New Hampshire
- In 2021 (latest data available), foreign-controlled companies employed 50,600 New Hampshire workers. Major sources of foreign investment in New Hampshire included the United Kingdom, Canada and Japan.
- Foreign investment in New Hampshire was responsible for 8.7 percent of the state's total private-industry employment in 2021.
New Hampshire’s Major Metropolitan Areas Benefit from Exporting
In 2022 (latest data available), the following metropolitan areas in New Hampshire recorded goods exports: Manchester-Nashua ($2.3 billion).
[1] Estimates of state exports of agricultural products by the U.S. Dept. of Agriculture and goods exports by the U.S. Dept. of Commerce are based on different methodologies and are not directly comparable.
