Iowa Manufacturing Facts

Manufacturers in Iowa account for 17.14% of the total output in the state, employing 14.45% of the workforce. Total output from manufacturing was $38.56 billion in 2021. In addition, there were an average of 225,000 manufacturing employees in Iowa in December 2021, with an average annual compensation of $79,356.92 in 2021.

Manufacturing Output and Firms

Total Manufacturing Output ($billions, 2021)
$38.56
(Percent share of total gross state product)
17.14%
Manufacturing Firms in Iowa (2019)
2,891

Employment and Compensation

Manufacturing Employment (December 2021)
225,000
(Percent share of nonfarm employment)
14.45%
Average Annual Compensation (Manufacturing, 2021)
$79,356.92
(Nonfarm Businesses, 2021)
$53,397.97

Sources: U.S. Bureau of Economic Analysis and the U.S. Census Bureau

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Iowa Export Facts

Manufacturers help to drive the Iowa economy, with $13.26 billion in manufactured goods exports in 2021.

Manufacturing Exports

Manufactured Goods Exports ($billions, 2021)
$13.26
Top 5 Export Markets (total percentage 2021)
62.11%
Canada
30.42%
Mexico
12.72%
Japan
7.66%
China
6.19%
Germany
5.12%

Sources: International Trade Administration, U.S. Census Bureau

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Additional Trade Facts

  • The 20 U.S. FTA partners purchased 49.38% ($690.92 billion) of U.S. manufactured goods exports in 2021 – 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.