2019 Montana Manufacturing Facts

Montana Manufacturing Facts

Manufacturers in Montana account for 6.13% of the total output in the state, employing 4.29% of the workforce. Total output from manufacturing was $2.95 billion in 2017. In addition, there were an average of 20.5 thousand manufacturing employees in Montana in 2018, with an average annual compensation of $50,938.76 in 2017.

Manufacturing Output and Firms

Total Manufacturing Output ($billions, 2017)
$2.95
(Percent share of total gross state product)
6.13%
Manufacturing Firms in Montana (2016)
1,263

Employment and Compensation

Manufacturing Employment (2018)
20.5
(Percent share of nonfarm employment)
4.29%
Average Annual Compensation (Manufacturing, 2017)
$50,938.76
(Nonfarm Businesses, 2017)
$35,173.11

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

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Montana Export Facts

Manufacturers help to drive Montana’s economy, with $1.21 billion in manufactured goods exports in 2018. That same year, $0.73 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 23.50% of its employment stemmed from exports in 2011. Small businesses comprised 84.00% percent of all exporters in Montana.

Manufacturing Exports

Manufactured Goods Exports ($billions, 2018)
$1.21
(Percent share of total goods exports)
73.02%
Growth in Manufactured Goods Exports (2010–2018)
7.60%
U.S. Jobs Supported by Goods Exports (2016)
5,838
Employment from Manufacturing Exports (Export share of manufacturing jobs, 2011)
23.50%
Small Business Share of Total Exporters (2015)
84.00%
Manufactured Goods to Free Trade Agreement Partners ($billions, 2018)
$0.73
(Percent of total exports, 2018)
60.28%
Total Manufactured Goods Exports to Canada and Mexico (NAFTA, 2018)
$0.59
Top Five Export Markets (Percent of total manufactured goods exports, 2018)
69.25%
Canada
46.42%
China
8.27%
South Korea
6.23%
Taiwan
4.20%
Belgium
4.14%

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.