New York Manufacturing Facts
Manufacturers in New York account for 4.45% of the total output in the state, employing 4.51% of the workforce. Total output from manufacturing was $74.58 billion in 2018. In addition, there were an average of 441,000 manufacturing employees in New York in 2019, with an average annual compensation of $78,869.31 in 2018.
New York Export Facts
Manufacturers help to drive New York’s economy, with $56.31 billion in manufactured goods exports in 2019. That same year, $26.09 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.
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.