2019 Alaska Manufacturing Facts

Alaska Manufacturing Facts

Manufacturers in Alaska account for 3.22% of the total output in the state, employing 3.85% of the workforce. Total output from manufacturing was $1.70 billion in 2017. In addition, there were an average of 12.61 thousand manufacturing employees in Alaska in 2018, with an average annual compensation of $55,862.32 in 2017.

Manufacturing Output and Firms

Total Manufacturing Output ($billions, 2017)
$1.70
(Percent share of total gross state product)
3.22%
Manufacturing Firms in Alaska (2016)
445

Employment and Compensation

Manufacturing Employment (2018)
12.61
(Percent share of nonfarm employment)
3.85%
Average Annual Compensation (Manufacturing, 2017)
$55,862.32
(Nonfarm Businesses, 2017)
$49,727.15

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

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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.

Manufacturing Exports

Manufactured Goods Exports ($billions, 2018)
$0.73
(Percent share of total goods exports)
7.12%
Growth in Manufactured Goods Exports (2010–2018)
-26.82%
U.S. Jobs Supported by Goods Exports (2016)
1,313
Employment from Manufacturing Exports (Export share of manufacturing jobs, 2011)
30.60%
Small Business Share of Total Exporters (2015)
74.00%
Manufactured Goods to Free Trade Agreement Partners ($billions, 2018)
$0.25
(Percent of total exports, 2018)
5.21%
Total Manufactured Goods Exports to Canada and Mexico (NAFTA, 2018)
$0.16
Top Five Export Markets (Percent of total manufactured goods exports, 2018)
49.34%
Canada
16.16%
Singapore
8.23%
Mexico
8.47%
South Korea
13.01%
Malaysia
3.47%

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

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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.