Manufacturing Output and Firms
Total Manufacturing Output ($billions, 2021)
$75.24
(Percent share of total gross state product)
4.21%
Manufacturing Firms in New York (2019)
14,114
New York Manufacturing Facts
Manufacturers in New York account for 4.21% of the total output in the state, employing 4.60% of the workforce. Total output from manufacturing was $75.24 billion in 2021. In addition, there were an average of 419,000 manufacturing employees in New York in December 2021, with an average annual compensation of $87,190.97 in 2021.
Employment and Compensation
Manufacturing Employment (December 2021)
419,000
(Percent share of nonfarm employment)
4.60%
Average Annual Compensation (Manufacturing, 2021)
$87,190.97
(Nonfarm Businesses, 2021)
$80,632.39
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 the New York economy, with $69.22 billion in manufactured goods exports in 2021.
Manufacturing Exports
Manufactured Goods Exports ($billions, 2021)
$69.22
Top 5 Export Markets (total percentage 2021)
48.42%
Switzerland
15.41%
Canada
14.35%
Hong Kong
8.81%
Israel
5.05%
India
4.80%
Sources: International Trade Administration, U.S. Census Bureau
Figure 4
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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.