Nearly one-quarter of NH manufacturing jobs depend on exports. The New Hampshire Export Review shows that 2,200 companies in the state export their goods or services. The majority of these are small or medium-sized businesses (referred to as SMEs) with fewer than 500 employees. SMEs generate approximately half of New Hampshire's total exports of merchandise; this is the sixth highest share among the states and well above the national average of 30%.
Other things to note:
- In 2010, New Hampshire's exports were $4.368 billion, up from $3.062 billion in 2009, the best year ever for New Hampshire's exporting companies. Prior to that the record was $3.752 billion in 2008.
- The value of exports increased by 42.7% in 2010, compared to an average increase of 20.6% for the nation as a whole. As a result, New Hampshire ranked first among the 50 states in export growth in 2010.
- The state's largest market was Mexico. New Hampshire posted merchandise exports of $1.0 billion to Mexico in 2010, 24% of the state's total merchandise exports. Mexico was followed by Canada ($538 million), China ($412 million), Germany ($223 million), and the United Kingdom ($207 million).
- New Hampshire had the third highest tech export concentration in the nation in 2010; tech exports from New Hampshire accounted for half of the state's total exports ($1.6 billion). Other top merchandise exports were machinery manufactures ($982 million), electrical equipment, appliances, and parts ($407 million), fabricated metal manufactures ($161 million), and waste and scrap ($154 million).
The New Hampshire International Trade Resource Center offers a full range of service to help manufacturing businesses enter and succeed in the global marketplace. For more information, call (603)-271-8444, fax (603)-271-6784 or email ITRC.