Iowa Manufacturing Facts
Manufacturers in Iowa account for 17.36% of the total output in the state, employing 14.90% of the workforce. Total output from manufacturing was $33.80 billion in 2019. In addition, there were an average of 226,000 manufacturing employees in Iowa in 2020, with an average annual compensation of $72,750.57 in 2019.
Iowa Export Facts
Manufacturers help to drive Iowa’s economy, with $11.73 billion in manufactured goods exports in 2020. That same year, $5.68 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 24.50% of its employment stemmed from exports in 2011. Small businesses comprised 83.00% percent of all exporters in Iowa.
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.