Independent New Hampshire Journalism · Northfield, NHThe state’s trade reports, built from Census Bureau records, put New Hampshire’s goods exports near $7.2 billion in 2025. Canada’s share fell from about 19 percent to about 12 percent in two years. Shipments to the rest of the world, taken together, grew.
Audio edition (7:22): a synthetic voice reads the article. The charts, tables and fact check are on this page.
Goods shipped from New Hampshire to Canada were valued at $1,441,356,539 in 2023, more than went to any other country. In 2025 the figure was $859,174,321, a drop of 40 percent and about $582 million. Germany, which bought $1.29 billion in 2023, bought $1.48 billion in 2025 and has ranked first in every full-year count since 2024.
The figures come from export reports published by the New Hampshire Department of Business and Economic Affairs. Each report names its source as WISERtrade, “using data from the U.S. Census Bureau’s Foreign Trade Division.” They count merchandise only. Services sold to foreign customers are not in them.
Across all countries, the state’s reports put New Hampshire’s goods exports at $7.62 billion in 2023, $7.14 billion in 2024 and $7.20 billion in 2025. The fall in Canadian sales from 2023 to 2025 was larger than the fall in the total, about $422 million. Take Canada out, and exports to everywhere else rose from $6.18 billion to $6.34 billion, or 2.6 percent.
Two markets trade places
Canada and Germany have swapped the top spot before. When the department reported 2022’s totals in a March 1, 2023 release, it wrote: “After several years behind Germany, Canada returned to being New Hampshire’s top trading partner.” Canada held first place again in 2023, by about $150 million. In 2024 the order flipped. In the full-year 2025 figures, Germany’s lead was more than $620 million.
Germany’s share of the state’s goods exports rose from 16.9 percent in 2023 to 20.6 percent in 2025. Canada’s fell from 18.9 percent to 11.9 percent. Mexico ranked third in each of the three years, at $699 million in 2023 and about $615 million in both 2024 and 2025.
New Hampshire Goods Exports to Canada and Germany, 2023–2025
Full-year value in current dollars, not adjusted for inflation. Bars drawn to scale; the largest value, Germany in 2025, is the full width.
Granite State Report · Source: New Hampshire Department of Business and Economic Affairs, goods exports by country (WISERtrade, using U.S. Census Bureau Foreign Trade Division data). Each year is taken from the latest state report that gives it as a full year: 2023 from the full-year 2024 report, 2024 from the June 2025 report, 2025 from the June 2026 report. Shares and scale are Granite State Report arithmetic.
The ten largest markets took 68 percent of the state’s goods exports in 2025. Five of them are in Europe. Two are in North America, two in East Asia, and one, the United Arab Emirates, on the Persian Gulf.
New Hampshire’s Ten Largest Export Markets, 2025
Full-year goods exports, current dollars, and each country’s share of the state total of $7,197,488,440.
| Rank | Country | Exports, 2025 | Share |
|---|---|---|---|
| 1 | Germany | $1,481,594,148 | 20.6% |
| 2 | Canada | $859,174,321 | 11.9% |
| 3 | Mexico | $615,641,042 | 8.6% |
| 4 | Netherlands | $338,878,738 | 4.7% |
| 5 | China | $330,732,171 | 4.6% |
| 6 | United Arab Emirates | $329,549,972 | 4.6% |
| 7 | Japan | $320,219,038 | 4.4% |
| 8 | Italy | $207,760,239 | 2.9% |
| 9 | France | $203,083,326 | 2.8% |
| 10 | Ireland | $197,274,832 | 2.7% |
Granite State Report · Source: New Hampshire Department of Business and Economic Affairs, goods exports by country, June 2026 report (WISERtrade, using U.S. Census Bureau data). The report ranks countries by first-half 2026 sales; this table is re-ranked by full-year 2025. Shares are Granite State Report arithmetic.
A narrated summary of this article (1:14), read by a synthetic voice. Photograph of the Chartierville border post: Richard Coté, via Wikimedia Commons, CC BY-SA 4.0, cropped. Charts: Granite State Report from New Hampshire Department of Business and Economic Affairs figures. Because it adapts a CC BY-SA 4.0 photograph, this video is offered under CC BY-SA 4.0.
What the state ships
By product, the reports sort exports into chapters of the Harmonized System, the international code that classifies goods crossing borders. Aircraft, spacecraft and their parts led New Hampshire’s list in 2025 at $1.68 billion, 23.3 percent of the total. Industrial machinery, a chapter that includes computers, came second at $1.60 billion. Electrical machinery and equipment came third at $1.21 billion. Those three chapters made up 62 percent of the state’s goods exports.
Arms and ammunition, with their parts and accessories, rose from $127 million in 2024 to $215 million in 2025, an increase of 69 percent, and ranked seventh by full-year value.
New Hampshire’s Largest Export Categories, 2025
Full-year goods exports by Harmonized System chapter, current dollars. Bars drawn to scale; aircraft and parts is the full width.
Granite State Report · Source: New Hampshire Department of Business and Economic Affairs, goods exports by major product category, June 2026 report (2025) and June 2025 report (2024 arms figure), WISERtrade using U.S. Census Bureau data. Category names shortened from the reports’ Harmonized System descriptions. Shares and scale are Granite State Report arithmetic.
The department’s export statistics page says New Hampshire exported an estimated $2.95 billion in services in 2024. It also says, citing the U.S. Department of Commerce, that goods exports from the state supported an estimated 40,803 jobs that year.
The first half of 2026
The department’s June 2026 report also covers January through June 2026. Over those six months, goods exports totaled $3.92 billion, up 11.8 percent from the same months of 2025. Sales to Canada rose 25.9 percent, to $508 million. Germany stayed first, at $795 million, about a fifth of the half-year total. Half-year figures are early counts and are subject to revision.
What the numbers can and cannot show
The reports do not say what New Hampshire stopped selling to Canada. They break exports down by country and, separately, by product, but not by both at once, so they cannot show which goods account for the drop. The reports give no reason for it.
The figures also say less about where goods were made than the word “exports” suggests. State export data are based on the “origin of movement,” the place where a shipment starts its trip to the port of export. The Census Bureau’s guide to its trade statistics says that series does not represent the production origin of exported goods, and that “commodities produced by out-of-state suppliers can be shipped from in-state distribution centers.”
Canada is also counted differently from every other country. The same guide says the United States substitutes Canadian import statistics for U.S. exports to Canada, under a 1987 memorandum of understanding among the Census Bureau, U.S. Customs and Border Protection, Canadian Customs and Statistics Canada.
The numbers change after they are first published. The state’s full-year 2024 report put that year’s total at $7,122,750,116 and Canada’s figure at $1,152,886,950. Its June 2025 report, which carried 2024 as a full year again, put them at $7,136,784,293 and $1,173,082,333. This article uses the latest state report that carries each year as a full year, through the June 2026 edition, so the 2023 figures come from an earlier edition than the rest. All dollar amounts are in current dollars, not adjusted for inflation.
Granite State Report’s broader look at the state economy, which also cites the $7.1 billion and $7.2 billion totals, is “New Hampshire Economy 2025: Growth Snapshot and Outlook.”
— Granite State Report
Your Turn
Tell us: does your business sell goods to customers in Canada or Germany? Have those orders changed since 2023? Write to granitestatereport@gmail.com. No person or agency named in this article was asked to comment for it. Any of them may write to the same address; a response will be added here with its date.
Fact check
| # | Claim | Status | Source |
|---|---|---|---|
| 1 | Exports to Canada: $1,441,356,539 in 2023 (first place); $859,174,321 in 2025. | VERIFIED | NH BEA, Goods Exports by Country, 2023 and 2024 (full-year 2024 report); Goods Exports by Country, 2025 and 2026 (as of June 2026). |
| 2 | Canada fell 40 percent and about $582 million from 2023 to 2025. | VERIFIED | Granite State Report arithmetic: 859,174,321 / 1,441,356,539 = 0.596; difference $582.2 million. |
| 3 | Germany: $1,290,940,687 in 2023, $1,363,074,067 in 2024, $1,481,594,148 in 2025; first in the full-year 2024 and 2025 figures and in the first half of 2026. | VERIFIED | NH BEA country reports: full-year 2024, June 2025, June 2026. |
| 4 | The reports name their source as WISERtrade “using data from the U.S. Census Bureau’s Foreign Trade Division.” | VERIFIED | Header line of each NH BEA report. |
| 5 | Totals: $7,619,508,510 (2023), $7,136,784,293 (2024), $7,197,488,440 (2025); total fell about $422 million from 2023 to 2025; exports excluding Canada rose from $6.18 billion to $6.34 billion, 2.6 percent. | VERIFIED | NH BEA country reports; Granite State Report arithmetic (6,338.3 / 6,178.2 = 1.026). |
| 6 | Quotation: “After several years behind Germany, Canada returned to being New Hampshire’s top trading partner,” in a March 1, 2023 release on 2022 exports. | VERIFIED | NH BEA news release, “NH Exports Surpass $7 Billion in 2022,” March 1, 2023. |
| 7 | Canada led Germany by about $150 million in 2023; Germany led by more than $620 million in 2025. | VERIFIED | Granite State Report arithmetic: 1,441.4 − 1,290.9 = 150.4; 1,481.6 − 859.2 = 622.4 (millions). |
| 8 | Shares: Germany 16.9% (2023), 19.1% (2024), 20.6% (2025); Canada 18.9%, 16.4%, 11.9%. | VERIFIED | Granite State Report arithmetic from the figures in rows 1, 3 and 5. |
| 9 | Mexico third each year: $698,628,171 (2023), $614,960,575 (2024), $615,641,042 (2025). | VERIFIED | NH BEA country reports: full-year 2024, June 2025, June 2026. |
| 10 | Top ten markets in 2025 and their values; together 68 percent of the total. | VERIFIED | NH BEA June 2026 country report; sum $4,883,907,827 / $7,197,488,440 = 67.9%. |
| 11 | 2025 categories: aircraft and parts $1,678,287,734 (23.3%); industrial machinery $1,599,161,911; electrical machinery $1,213,943,686; pharmaceuticals $508,091,671; optical and medical instruments $505,125,005; plastics $294,488,770; arms and ammunition $214,785,597. Top three 62 percent. | VERIFIED | NH BEA, Goods Exports by Major Product Category, June 2026 report; top three sum $4,491,393,331 / total = 62.4%. |
| 12 | Arms and ammunition: $127,209,571 in 2024, up 69 percent to 2025; ranked seventh by full-year 2025 value. | VERIFIED | NH BEA product reports, June 2025 and June 2026; 214.79 / 127.21 = 1.688. |
| 13 | Services exports an estimated $2.95 billion in 2024 (no source given on the page); goods exports supported an estimated 40,803 jobs in 2024, citing the U.S. Department of Commerce. | ATTRIBUTED | NH BEA, Export Statistics page, read Oct. 17, 2026. |
| 14 | January–June 2026: total $3,922,093,510, up 11.76%; Canada $507,972,461, up 25.92%; Germany $795,002,462. | VERIFIED | NH BEA June 2026 country report. |
| 15 | Reports break down by country and by product separately, not together. | VERIFIED | NH BEA country and product reports (separate tables). |
| 16 | Origin-of-movement definition; the series does not represent production origin; quotation on out-of-state suppliers; Canadian import statistics substituted under a 1987 memorandum. | VERIFIED | U.S. Census Bureau, Guide to the U.S. International Trade Statistical Program, Description of the International Trade Statistical Program (sections on source of information and state data series). |
| 17 | 2024 total and Canada figures differ between the full-year 2024 report ($7,122,750,116; $1,152,886,950) and the June 2025 report ($7,136,784,293; $1,173,082,333). | VERIFIED | NH BEA country reports, full-year 2024 and June 2025. |
| 18 | Photograph by Richard Coté, Oct. 3, 2017, Chartierville border post looking south, CC BY-SA 4.0; the crossing connects Chartierville, Quebec, and Pittsburg, N.H. | ATTRIBUTED | Wikimedia Commons file page, read Oct. 17, 2026; Wikipedia, “Pittsburg–Chartierville Border Crossing.” |
| 19 | GSR’s economy snapshot cites $7.1 billion (2024) and $7.2 billion (2025). | VERIFIED | Granite State Report, Oct. 4, 2025, permalink confirmed. |
Shipping records, order books and the dates on them are what build the record. Confidentiality respected where possible. granitestatereport@gmail.com · (603) 931-9264.
Editor’s note. Export values by country and by product are drawn from the New Hampshire Department of Business and Economic Affairs’ trade reports, which cite WISERtrade and U.S. Census Bureau Foreign Trade Division data, along with the department’s export statistics page and its March 1, 2023 release. Definitions of the state data series and of exports to Canada are from the Census Bureau’s Guide to the U.S. International Trade Statistical Program. Shares, differences and growth rates are Granite State Report arithmetic from those figures.
Corrections: Granite State Report corrects verified errors promptly and appends a dated note identifying what changed and when. The corrections policy and the corrections register are public, and correction notes are never removed.
