Exports

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Earlier this year, Newington-based SIG Sauer announced the latest in a string of sizeable contracts: the Indian Army agreed to pay the gun maker a reported $72 million for 72,400 rifles for its infantry soldiers.

 

Federal trade data shows that New Hampshire's exports totaled over $5.2 billion last year, 2.6 percent higher than the year before.

Industrial machinery was the state's chief export, at $1.2 billion, up 7.8 percent from 2017.

Germany nudged out Canada as the state's top trading partner. Ireland, Mexico and China rounded out the top five trading partners.

The third most traded commodity in 2018, at $841 million, was aircraft and spacecraft parts, up over 68 percent from 2017.

Getty Images/NHPR

High ranking members of the Colombian National Police found themselves in Exeter, N.H., in the spring of 2009. They were there to visit arms maker Sig Sauer, which had just secured a contract worth up to $306 million to provide Colombian law enforcement with nearly 100,000 pistols. 

Small Arms Defense Journal

It’s an eye-catching statistic in an otherwise routine data dump.

Through the first ten months of 2018, sales of New Hampshire-made weapons to Saudi Arabia soared. 

University of Chicago Press

How much should the U.S. be open to business with other countries, and how much should we protect our industries from foreign competition? This question has been at the heart of trade policy for centuries. Now, in his comprehensive new book, author Douglas Irwin gives historical context to our current trade debates.


Todd Bookman/NHPR

Think bagpipes, and you likely think Scotland. But one of the world’s largest bagpipe manufacturers happens to call Nashua, New Hampshire home.

That company, however, is facing an unexpected wrinkle in its international supply chain.

NHPR Staff

With re-authorization of the Export-Import Bank stalled in Congress, several New Hampshire companies say they are feeling the impact.  New Hampshire’s two US Senators Kelly Ayotte and Jeanne Shaheen as well as 2nd District Congresswoman Ann McLane Kuster support re-authorization, while 1st District Congressman Frank Guinta has yet to take a position.

Exports grew at 22 percent in 2013, marking the second time in 4 years that New Hampshire has led the country in export growth. The International Trade Association of New Hampshire says that Granite state businesses are now sending $4.3 billion dollars worth of goods out of the country annually.

In general, manufacturing industries drive exports; “electrical manufacturing, electrical machinery, industrial machinery, medical devices, aerospace and defense, and IT” are New Hampshire’s strong suits, according to Kim Kasim, Program director at the NH ITA.