Vermont Manufacturing Facts

Manufacturers in Vermont account for 9.47% of the total output in the state, employing 9.58% of the workforce. Total output from manufacturing was $3.19 billion in 2018. In addition, there were an average of 30,000 manufacturing employees in Vermont in 2019, with an average annual compensation of $65,614.81 in 2018.

Manufacturing Output and Firms

Total Manufacturing Output ($billions, 2018)
$3.19
(Percent share of total gross state product)
9.47%
Manufacturing Firms in Vermont (2017)
979

Employment and Compensation

Manufacturing Employment (2019)
30,000
(Percent share of nonfarm employment)
9.58%
Average Annual Compensation (Manufacturing, 2018)
$65,614.81
(Nonfarm Businesses, 2018)
$40,289.28

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

Figure 1

Figure 2

Figure 3


Vermont Export Facts

Manufacturers help to drive Vermont’s economy, with $2.94 billion in manufactured goods exports in 2019. That same year, $1.49 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 20.70% of its employment stemmed from exports in 2011. Small businesses comprised 85.00% percent of all exporters in Vermont.

Manufacturing Exports

Manufactured Goods Exports ($billions, 2019)
$2.94
(Percent share of total goods exports)
97.37%
Growth in Manufactured Goods Exports (2010–2019)
-29.65%
U.S. Jobs Supported by Goods Exports (2016)
11,305
Employment from Manufacturing Exports (Export share of manufacturing jobs, 2011)
20.70%
Small Business Share of Total Exporters (2015)
85.00%
Manufactured Goods to Free Trade Agreement Partners ($billions, 2019)
$1.49
(Percent of total exports, 2019)
50.71%
Total Manufactured Goods Exports to Canada and Mexico (USMCA, 2019)
$1.19
Top Five Export Markets (Percent of total manufactured goods exports, 2019)
40.54%
Canada
38.96%
Taiwan
12.69%
Hong Kong
6.74%
South Korea
6.62%
China
6.01%

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

Figure 4

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.