Manufacturing Output and Firms
Total Manufacturing Output ($billions, 2018)
$47.76
(Percent share of total gross state product)
8.94%
Manufacturing Firms in Virginia (2016)
4,563
Virginia Manufacturing Facts
Manufacturers in Virginia account for 8.94% of the total output in the state, employing 6.00% of the workforce. Total output from manufacturing was $47.76 billion in 2018. In addition, there were an average of 240,000 manufacturing employees in Virginia in 2018, with an average annual compensation of $70,244.41 in 2017.
Employment and Compensation
Manufacturing Employment (2018)
240,000
(Percent share of nonfarm employment)
6.00%
Average Annual Compensation (Manufacturing, 2017)
$70,244.41
(Nonfarm Businesses, 2017)
$51,314.73
Sources: U.S. Bureau of Economic Analysis and the U.S. Census Bureau
Figure 1
Figure 2
Figure 3
Virginia Export Facts
Manufacturers help to drive Virginia’s economy, with $15.17 billion in manufactured goods exports in 2018. That same year, $6.43 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 20.30% of its employment stemmed from exports in 2011. Small businesses comprised 86.00% percent of all exporters in Virginia.
Manufacturing Exports
Manufactured Goods Exports ($billions, 2018)
$15.17
(Percent share of total goods exports)
82.64%
Growth in Manufactured Goods Exports (2010–2018)
6.16%
U.S. Jobs Supported by Goods Exports (2016)
70,518
Employment from Manufacturing Exports (Export share of manufacturing jobs, 2011)
20.30%
Small Business Share of Total Exporters (2015)
86.00%
Manufactured Goods to Free Trade Agreement Partners ($billions, 2018)
$6.43
(Percent of total exports, 2018)
42.35%
Total Manufactured Goods Exports to Canada and Mexico (NAFTA, 2018)
$4.11
Top Five Export Markets (Percent of total manufactured goods exports, 2018)
27.07%
Canada
19.96%
Mexico
7.11%
China
6.71%
United Kingdom
6.30%
Germany
6.14%
Sources: International Trade Administration, U.S. Census Bureau
Figure 4
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.