2020 New Jersey Manufacturing Facts

New Jersey Manufacturing Facts

Manufacturers in New Jersey account for 8.43% of the total output in the state, employing 5.98% of the workforce. Total output from manufacturing was $52.70 billion in 2018. In addition, there were an average of 251,000 manufacturing employees in New Jersey in 2019, with an average annual compensation of $94,610.87 in 2018.

Manufacturing Output and Firms

Total Manufacturing Output ($billions, 2018)
$52.70
(Percent share of total gross state product)
8.43%
Manufacturing Firms in New Jersey (2017)
6,988

Employment and Compensation

Manufacturing Employment (2019)
251,000
(Percent share of nonfarm employment)
5.98%
Average Annual Compensation (Manufacturing, 2018)
$94,610.87
(Nonfarm Businesses, 2018)
$56,611.56

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

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New Jersey Export Facts

Manufacturers help to drive New Jersey’s economy, with $30.88 billion in manufactured goods exports in 2019. That same year, $13.16 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.

Manufacturing Exports

Manufactured Goods Exports ($billions, 2019)
$30.88
(Percent share of total goods exports)
85.86%
Growth in Manufactured Goods Exports (2010–2019)
8.14%
U.S. Jobs Supported by Goods Exports (2016)
123,265
Employment from Manufacturing Exports (Export share of manufacturing jobs, 2011)
20.20%
Small Business Share of Total Exporters (2015)
92.00%
Manufactured Goods to Free Trade Agreement Partners ($billions, 2019)
$13.16
(Percent of total exports, 2019)
42.62%
Total Manufactured Goods Exports to Canada and Mexico (USMCA, 2019)
$9.55
Top Five Export Markets (Percent of total manufactured goods exports, 2019)
30.94%
Canada
21.75%
Mexico
9.19%
China
5.79%
Germany
4.58%
United Kingdom
4.55%

Sources: International Trade Administration, U.S. Census Bureau

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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.