2020 United States Manufacturing Facts
United States Manufacturing Facts
Manufacturers in the United States account for 11.39% of the total output in the state, employing 8.51% of the workforce. Total output from manufacturing was $2,334.60 billion in 2018. In addition, there were an average of 12.8 million manufacturing employees in the United States in 2019, with an average annual compensation of $87,185.18 in 2018.
Employment and Compensation
Sources: U.S. Bureau of Economic Analysis and the U.S. Census Bureau
United States Export Facts
Manufacturers help to drive the United States’ economy, with $1,365.31 billion in manufactured goods exports in 2019. That same year, $659.49 billion in exports was with our free trade agreement (FTA) partners. Small businesses comprised 96.60% percent of all exporters in the United States.
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.