Manufacturing Output and Firms
Total Manufacturing Output ($billions, 2019)
$71.06
(Percent share of total gross state product)
4.01%
Manufacturing Firms in New York (2017)
14,788
New York Manufacturing Facts
Manufacturers in New York account for 4.01% of the total output in the state, employing 4.55% of the workforce. Total output from manufacturing was $71.06 billion in 2019. In addition, there were an average of 400,000 manufacturing employees in New York in 2020, with an average annual compensation of $80,394.39 in 2019.
Employment and Compensation
Manufacturing Employment (2020)
400,000
(Percent share of nonfarm employment)
4.55%
Average Annual Compensation (Manufacturing, 2019)
$80,394.39
(Nonfarm Businesses, 2019)
$65,876.74
Sources: U.S. Bureau of Economic Analysis and the U.S. Census Bureau
Figure 1
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Figure 2
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Figure 3
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New York Export Facts
Manufacturers help to drive New York’s economy, with $48.87 billion in manufactured goods exports in 2020. That same year, $17.26 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 24.20% of its employment stemmed from exports in 2011. Small businesses comprised 94.00% percent of all exporters in New York.
Manufacturing Exports
Manufactured Goods Exports ($billions, 2020)
$48.87
(Percent share of total goods exports)
78.97%
U.S. Jobs Supported by Goods Exports (2016)
259,819
Employment from Manufacturing Exports (Export share of manufacturing jobs, 2011)
24.20%
Small Business Share of Total Exporters (2015)
94.00%
Manufactured Goods to Free Trade Agreement Partners ($billions, 2020)
$17.26
(Percent of total exports, 2020)
35.32%
Canada
18.17%
Switzerland
11.25%
Hong Kong
6.33%
Israel
5.45%
Germany
5.33%
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.