New Jersey Manufacturing Facts
Manufacturers in New Jersey account for 8.43% of the total output in the state, employing 5.95% of the workforce. Total output from manufacturing was $52.70 billion in 2018. In addition, there were an average of 247,000 manufacturing employees in New Jersey in 2018, with an average annual compensation of $92,097.28 in 2017.
New Jersey Export Facts
Manufacturers help to drive New Jersey’s economy, with $30.98 billion in manufactured goods exports in 2018. That same year, $13.53 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 20.20% of its employment stemmed from exports in 2011. Small businesses comprised 92.00% percent of all exporters in New Jersey.
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.