United States Manufacturing Facts
Manufacturers in United States account for 10.94% of the total output in the state, employing 8.58% of the workforce. Total output from manufacturing was $2,345.85 billion in 2019. In addition, there were an average of 12,182,000 manufacturing employees in United States in 2020, with an average annual compensation of $83,369.69 in 2019.
United States Export Facts
Manufacturers help to drive United States’s economy, with 1171.367 billion in manufactured goods exports in 2020. That same year, 558.9639 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and N/A of its employment stemmed from exports in 2011. Small businesses comprised 96.60% percent of all exporters in United States.
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.