Alaska Manufacturing Facts
Manufacturers in Alaska account for 3.18% of the total output in the state, employing 3.85% of the workforce. Total output from manufacturing was $1.72 billion in 2018. In addition, there were an average of 13,000 manufacturing employees in Alaska in 2018, with an average annual compensation of $55,862.32 in 2017.
Alaska Export Facts
Manufacturers help to drive Alaska’s economy, with $0.73 billion in manufactured goods exports in 2018. That same year, $0.25 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 30.60% of its employment stemmed from exports in 2011. Small businesses comprised 74.00% percent of all exporters in Alaska.
Additional Trade Facts
- The 20 U.S. FTA partners purchased nearly 49 percent ($679.46 billion) of U.S. manufactured goods exports in 2018 – 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.