Manufacturing Output and Firms
Total Manufacturing Output ($billions, 2021)
$3.46
(Percent share of total gross state product)
10.02%
Manufacturing Firms in Vermont (2019)
996
Vermont Manufacturing Facts
Manufacturers in Vermont account for 10.02% of the total output in the state, employing 10.13% of the workforce. Total output from manufacturing was $3.46 billion in 2021. In addition, there were an average of 30,000 manufacturing employees in Vermont in December 2021, with an average annual compensation of $71,672.60 in 2021.
Employment and Compensation
Manufacturing Employment (December 2021)
30,000
(Percent share of nonfarm employment)
10.13%
Average Annual Compensation (Manufacturing, 2021)
$71,672.60
(Nonfarm Businesses, 2021)
$51,273.05
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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Vermont Export Facts
Manufacturers help to drive the Vermont economy, with $2.52 billion in manufactured goods exports in 2021.
Manufacturing Exports
Manufactured Goods Exports ($billions, 2021)
$2.52
Top 5 Export Markets (total percentage 2021)
69.48%
Canada
31.03%
Taiwan
12.96%
China
11.16%
South Korea
7.43%
Hong Kong
6.90%
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.