More International Trade news More news in New Hampshire Find International Trade lawyers in New Hampshire
In a milestone achievement for New Hampshire's economy, the state has reported record-breaking international trade numbers for the year 2026. According to data released by the New Hampshire International Trade Resource Center (ITRC), the state saw a 12% increase in exports and imports compared to the previous year.The surge in international trade activity has been attributed to a number of factors, including a strong global demand for New Hampshire's high-quality products and services, as well as the state's proactive efforts to promote trade partnerships around the world. Additionally, the ongoing recovery from the COVID-19 pandemic has contributed to the increase in trade as economies around the world bounce back from the economic downturn.One of the key sectors driving the growth in international trade is manufacturing, with New Hampshire's advanced manufacturing industry seeing significant gains in exports of machinery, transportation equipment, and electrical machinery. The state's renowned aerospace and defense sector also played a significant role in boosting exports, with companies like BAE Systems and AeroTEC contributing to the record-breaking numbers.In terms of imports, New Hampshire saw an increase in the importation of electronic equipment, pharmaceuticals, and chemicals, reflecting the state's growing consumer market and demand for high-tech goods. The influx of imported goods has also led to job creation and economic growth in the state, as businesses expand their operations to meet the growing demand.Governor Maggie Hassan hailed the record-breaking international trade numbers as a testament to New Hampshire's resilience and innovation in the global marketplace. She emphasized the importance of continued investment in workforce development and infrastructure to support the state's international trade efforts and ensure long-term economic prosperity.The New Hampshire International Trade Resource Center is optimistic about the future of international trade in the state, citing ongoing trade negotiations and partnerships with key markets around the world. With a strong foundation in advanced manufacturing, technology, and innovation, New Hampshire is well-positioned to continue its growth in international trade and solidify its status as a global economic player.