New Hampshire businesses shipped a record $7.3 billion in exports last year, nearly $1 billion higher than it did in 2021, according to the U.S. Census Bureau.
Electrical machinery, which includes phones, radio transmitters, microchips, and insulated wires, surpassed industrial machinery as the state’s top export, increasing 14 percent from 2021, to $1.7 billion. After several years behind Germany, Canada returned to being New Hampshire’s top trading partner.
Exports of electronic integrated circuits, a crucial component for electronic devices and equipment, increased by 23 percent between 2021 and 2022 and were valued at $209 million last year.
While exports remained strong for industrial machinery, which includes printing and automatic data machines, it dropped 2.7 percent from 2021, to $1.4 billion. The state’s third leading export last year was aircraft and aircraft parts, increasing 14 percent, to $1.3 billion. The exports of pharmaceuticals saw expansive growth in 2022, rising 70 percent, to $288 million, according to trade data.
Exports to Canada increased nearly 14 percent in 2022, returning that country to the top spot as the state’s largest trading partner, followed by Germany, Mexico, United Arab Emirates and Ireland. Among the largest growing top 20 trading partners were Romania, growing 330 percent, and Sweden, at 261 percent.