Manufacturing Output and Firms
Total Manufacturing Output ($billions, 2019)
$3.14
(Percent share of total gross state product)
9.24%
Manufacturing Firms in Vermont (2017)
979
Vermont Manufacturing Facts
Manufacturers in Vermont account for 9.24% of the total output in the state, employing 9.91% of the workforce. Total output from manufacturing was $3.14 billion in 2019. In addition, there were an average of 28,000 manufacturing employees in Vermont in 2020, with an average annual compensation of $67,460.39 in 2019.
Employment and Compensation
Manufacturing Employment (2020)
28,000
(Percent share of nonfarm employment)
9.91%
Average Annual Compensation (Manufacturing, 2019)
$67,460.39
(Nonfarm Businesses, 2019)
$41,706.42
Sources: U.S. Bureau of Economic Analysis and the U.S. Census Bureau
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Figure 3
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Vermont Export Facts
Manufacturers help to drive Vermont’s economy, with $2.34 billion in manufactured goods exports in 2020. That same year, $1.21 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 20.70% of its employment stemmed from exports in 2011. Small businesses comprised 85.00% percent of all exporters in Vermont.
Manufacturing Exports
Manufactured Goods Exports ($billions, 2020)
$2.34
(Percent share of total goods exports)
97.71%
U.S. Jobs Supported by Goods Exports (2016)
11,305
Employment from Manufacturing Exports (Export share of manufacturing jobs, 2011)
20.70%
Small Business Share of Total Exporters (2015)
85.00%
Manufactured Goods to Free Trade Agreement Partners ($billions, 2020)
$1.21
(Percent of total exports, 2020)
51.56%
Canada
37.65%
Taiwan
14.31%
China
9.10%
South Korea
6.68%
Hong Kong
3.73%
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.