2019 New York Manufacturing Facts

New York Manufacturing Facts

Manufacturers in New York account for 4.71% of the total output in the state, employing 4.58% of the workforce. Total output from manufacturing was $72.94 billion in 2017. In addition, there were an average of 443.56 thousand manufacturing employees in New York in 2018, with an average annual compensation of $76,269.45 in 2017.

Manufacturing Output and Firms

Total Manufacturing Output ($billions, 2017)
$72.94
(Percent share of total gross state product)
4.71%
Manufacturing Firms in New York (2016)
15,042

Employment and Compensation

Manufacturing Employment (2018)
443.56
(Percent share of nonfarm employment)
4.58%
Average Annual Compensation (Manufacturing, 2017)
$76,269.45
(Nonfarm Businesses, 2017)
$62,652.41

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

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New York Export Facts

Manufacturers help to drive New York’s economy, with $63.07 billion in manufactured goods exports in 2018. That same year, $21.05 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 24.20% of its employment stemmed from exports in 2011. Small businesses comprised 94.00% percent of all exporters in New York.

Manufacturing Exports

Manufactured Goods Exports ($billions, 2018)
$63.07
(Percent share of total goods exports)
77.39%
Growth in Manufactured Goods Exports (2010–2018)
16.20%
U.S. Jobs Supported by Goods Exports (2016)
259,819
Employment from Manufacturing Exports (Export share of manufacturing jobs, 2011)
24.20%
Small Business Share of Total Exporters (2015)
94.00%
Manufactured Goods to Free Trade Agreement Partners ($billions, 2018)
$21.05
(Percent of total exports, 2018)
33.37%
Total Manufactured Goods Exports to Canada and Mexico (NAFTA, 2018)
$12.42
Top Five Export Markets (Percent of total manufactured goods exports, 2018)
48.15%
Canada
14.35%
Hong Kong
11.43%
Switzerland
8.99%
Israel
7.71%
United Kingdom
5.68%

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.