Manufacturing Output and Firms
Total Manufacturing Output ($billions, 2019)
$5.12
(Percent share of total gross state product)
9.32%
Manufacturing Firms in South Dakota (2017)
958
South Dakota Manufacturing Facts
Manufacturers in South Dakota account for 9.32% of the total output in the state, employing 9.99% of the workforce. Total output from manufacturing was $5.12 billion in 2019. In addition, there were an average of 43,000 manufacturing employees in South Dakota in 2020, with an average annual compensation of $61,041.36 in 2019.
Employment and Compensation
Manufacturing Employment (2020)
43,000
(Percent share of nonfarm employment)
9.99%
Average Annual Compensation (Manufacturing, 2019)
$61,041.36
(Nonfarm Businesses, 2019)
$41,021.61
Sources: U.S. Bureau of Economic Analysis and the U.S. Census Bureau
Figure 1
[visualizer id=”689″]
Figure 2
[visualizer id=”691″]
Figure 3
[visualizer id=”693″]
South Dakota Export Facts
Manufacturers help to drive South Dakota’s economy, with $1.25 billion in manufactured goods exports in 2020. That same year, $0.83 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 17.10% of its employment stemmed from exports in 2011. Small businesses comprised 75.00% percent of all exporters in South Dakota.
Manufacturing Exports
Manufactured Goods Exports ($billions, 2020)
$1.25
(Percent share of total goods exports)
90.72%
U.S. Jobs Supported by Goods Exports (2016)
6,950
Employment from Manufacturing Exports (Export share of manufacturing jobs, 2011)
17.10%
Small Business Share of Total Exporters (2015)
75.00%
Manufactured Goods to Free Trade Agreement Partners ($billions, 2020)
$0.83
(Percent of total exports, 2020)
66.03%
Canada
40.54%
Mexico
19.56%
China
7.20%
Japan
6.65%
Germany
3.07%
Sources: International Trade Administration, U.S. Census Bureau
Figure 4
[visualizer id=”699″]
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.