2019 Vermont Manufacturing Facts

Vermont Manufacturing Facts

Manufacturers in Vermont account for 8.74% of the total output in the state, employing 9.46% of the workforce. Total output from manufacturing was $2.81 billion in 2017. In addition, there were an average of 29.85 thousand manufacturing employees in Vermont in 2018, with an average annual compensation of $65,130.13 in 2017.

Manufacturing Output and Firms

Total Manufacturing Output ($billions, 2017)
$2.81
(Percent share of total gross state product)
8.74%
Manufacturing Firms in Vermont (2016)
967

Employment and Compensation

Manufacturing Employment (2018)
29.85
(Percent share of nonfarm employment)
9.46%
Average Annual Compensation (Manufacturing, 2017)
$65,130.13
(Nonfarm Businesses, 2017)
$39,956.90

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

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Vermont Export Facts

Manufacturers help to drive Vermont’s economy, with $2.83 billion in manufactured goods exports in 2018. That same year, $1.53 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 20.70% of its employment stemmed from exports in 2011. Small businesses comprised 85.00% percent of all exporters in Vermont.

Manufacturing Exports

Manufactured Goods Exports ($billions, 2018)
$2.83
(Percent share of total goods exports)
96.98%
Growth in Manufactured Goods Exports (2010–2018)
-32.30%
U.S. Jobs Supported by Goods Exports (2016)
11,305
Employment from Manufacturing Exports (Export share of manufacturing jobs, 2011)
20.70%
Small Business Share of Total Exporters (2015)
85.00%
Manufactured Goods to Free Trade Agreement Partners ($billions, 2018)
$1.53
(Percent of total exports, 2018)
54.08%
Total Manufactured Goods Exports to Canada and Mexico (NAFTA, 2018)
$1.26
Top Five Export Markets (Percent of total manufactured goods exports, 2018)
70.97%
Canada
42.74%
Hong Kong
9.20%
Taiwan
6.86%
South Korea
6.56%
China
5.62%

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.