Manufacturing Output and Firms
Total Manufacturing Output ($billions, 2018)
$47.76
(Percent share of total gross state product)
8.94%
Manufacturing Firms in Virginia (2017)
4,570
Virginia Manufacturing Facts
Manufacturers in Virginia account for 8.94% of the total output in the state, employing 6.11% of the workforce. Total output from manufacturing was $47.76 billion in 2018. In addition, there were an average of 246,000 manufacturing employees in Virginia in 2019, with an average annual compensation of $73,134.82 in 2018.
Employment and Compensation
Manufacturing Employment (2019)
246,000
(Percent share of nonfarm employment)
6.11%
Average Annual Compensation (Manufacturing, 2018)
$73,134.82
(Nonfarm Businesses, 2018)
$52,399.98
Sources: U.S. Bureau of Economic Analysis and the U.S. Census Bureau
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Figure 2
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Virginia Export Facts
Manufacturers help to drive Virginia’s economy, with $14.18 billion in manufactured goods exports in 2019. That same year, $6.18 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 20.30% of its employment stemmed from exports in 2011. Small businesses comprised 86.00% percent of all exporters in Virginia.
Manufacturing Exports
Manufactured Goods Exports ($billions, 2019)
$14.18
(Percent share of total goods exports)
79.16%
Growth in Manufactured Goods Exports (2010–2019)
-0.77%
U.S. Jobs Supported by Goods Exports (2016)
70,518
Employment from Manufacturing Exports (Export share of manufacturing jobs, 2011)
20.30%
Small Business Share of Total Exporters (2015)
86.00%
Manufactured Goods to Free Trade Agreement Partners ($billions, 2019)
$6.18
(Percent of total exports, 2019)
43.61%
Total Manufactured Goods Exports to Canada and Mexico (USMCA, 2019)
$3.92
Top Five Export Markets (Percent of total manufactured goods exports, 2019)
27.67%
Canada
20.91%
China
7.24%
Mexico
6.76%
United Kingdom
6.03%
Germany
4.73%
Sources: International Trade Administration, U.S. Census Bureau
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Additional Trade Facts
- The 20 U.S. FTA partners purchased 48.3% ($659.49 billion) of U.S. manufactured goods exports in 2019 – even though these countries represent only six percent of the world’s population and 10 percent of GDP.
- FTA countries: Australia, Bahrain, Canada, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, Mexico, Morocco, Nicaragua, Oman, Panama, Peru, Singapore and South Korea.