2019 Colorado Manufacturing Facts

Colorado Manufacturing Facts

Manufacturers in Colorado account for 7.08% of the total output in the state, employing 5.41% of the workforce. Total output from manufacturing was $24.28 billion in 2017. In addition, there were an average of 147.51 thousand manufacturing employees in Colorado in 2018, with an average annual compensation of $76,828.66 in 2017.

Manufacturing Output and Firms

Total Manufacturing Output ($billions, 2017)
$24.28
(Percent share of total gross state product)
7.08%
Manufacturing Firms in Colorado (2016)
4,814

Employment and Compensation

Manufacturing Employment (2018)
147.51
(Percent share of nonfarm employment)
5.41%
Average Annual Compensation (Manufacturing, 2017)
$76,828.66
(Nonfarm Businesses, 2017)
$48,993.99

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

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Colorado Export Facts

Manufacturers help to drive Colorado’s economy, with $7.75 billion in manufactured goods exports in 2018. That same year, $3.48 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 24.00% of its employment stemmed from exports in 2011. Small businesses comprised 87.00% percent of all exporters in Colorado.

Manufacturing Exports

Manufactured Goods Exports ($billions, 2018)
$7.75
(Percent share of total goods exports)
93.14%
Growth in Manufactured Goods Exports (2010–2018)
27.58%
U.S. Jobs Supported by Goods Exports (2016)
35,858
Employment from Manufacturing Exports (Export share of manufacturing jobs, 2011)
24.00%
Small Business Share of Total Exporters (2015)
87.00%
Manufactured Goods to Free Trade Agreement Partners ($billions, 2018)
$3.48
(Percent of total exports, 2018)
41.89%
Total Manufactured Goods Exports to Canada and Mexico (NAFTA, 2018)
$2.58
Top Five Export Markets (Percent of total manufactured goods exports, 2018)
51.68%
Canada
17.96%
Mexico
15.31%
China
6.75%
South Korea
6.18%
Japan
5.49%

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.