Manufacturing Output and Firms
Total Manufacturing Output ($billions, 2019)
$101.60
(Percent share of total gross state product)
17.17%
Manufacturing Firms in North Carolina (2017)
7,792
North Carolina Manufacturing Facts
Manufacturers in North Carolina account for 17.17% of the total output in the state, employing 10.16% of the workforce. Total output from manufacturing was $101.60 billion in 2019. In addition, there were an average of 448,000 manufacturing employees in North Carolina in 2020, with an average annual compensation of $74,227.22 in 2019.
Employment and Compensation
Manufacturing Employment (2020)
448,000
(Percent share of nonfarm employment)
10.16%
Average Annual Compensation (Manufacturing, 2019)
$74,227.22
(Nonfarm Businesses, 2019)
$47,675.60
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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North Carolina Export Facts
Manufacturers help to drive North Carolina’s economy, with $26.94 billion in manufactured goods exports in 2020. That same year, $6.33 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 20.60% of its employment stemmed from exports in 2011. Small businesses comprised 88.00% percent of all exporters in North Carolina.
Manufacturing Exports
Manufactured Goods Exports ($billions, 2020)
$26.94
(Percent share of total goods exports)
94.71%
U.S. Jobs Supported by Goods Exports (2016)
146,168
Employment from Manufacturing Exports (Export share of manufacturing jobs, 2011)
20.60%
Small Business Share of Total Exporters (2015)
88.00%
Manufactured Goods to Free Trade Agreement Partners ($billions, 2020)
$6.33
(Percent of total exports, 2020)
23.50%
Canada
21.35%
Mexico
12.60%
China
9.54%
France
4.57%
Netherlands
3.83%
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.