2020 Connecticut Manufacturing Facts
Connecticut Manufacturing Facts
Manufacturers in Connecticut account for 11.23% of the total output in the state, employing 9.50% of the workforce. Total output from manufacturing was $30.78 billion in 2018. In addition, there were an average of 161,000 manufacturing employees in Connecticut in 2019, with an average annual compensation of $98,150.10 in 2018.
Employment and Compensation
Sources: U.S. Bureau of Economic Analysis and the U.S. Census Bureau
Connecticut Export Facts
Manufacturers help to drive Connecticut’s economy, with $14.99 billion in manufactured goods exports in 2019. That same year, $4.01 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 27.40% of its employment stemmed from exports in 2011. Small businesses comprised 89.00% percent of all exporters in Connecticut.
Sources: International Trade Administration, U.S. Census Bureau
Additional Trade Facts
- The 20 U.S. FTA partners purchased 48.3% ($659.49 billion) of U.S. manufactured goods exports in 2019 – 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.