Indiana Manufacturing Facts

Manufacturers in Indiana account for 26.56% of the total output in the state, employing 17.51% of the workforce. Total output from manufacturing was $104.73 billion in 2021. In addition, there were an average of 546,000 manufacturing employees in Indiana in December 2021, with an average annual compensation of $86,052.88 in 2021.

Manufacturing Output and Firms

Total Manufacturing Output ($billions, 2021)
$104.73
(Percent share of total gross state product)
26.56%
Manufacturing Firms in Indiana (2019)
6,942

Employment and Compensation

Manufacturing Employment (December 2021)
546,000
(Percent share of nonfarm employment)
17.51%
Average Annual Compensation (Manufacturing, 2021)
$86,052.88
(Nonfarm Businesses, 2021)
$55,679.83

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

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Indiana Export Facts

Manufacturers help to drive the Indiana economy, with $40.34 billion in manufactured goods exports in 2021.

Manufacturing Exports

Manufactured Goods Exports ($billions, 2021)
$40.34
Top 5 Export Markets (total percentage 2021)
64.22%
Canada
32.24%
Mexico
13.05%
China
7.89%
Germany
5.93%
Japan
5.11%

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

Figure 4

Additional Trade Facts

  • The 20 U.S. FTA partners purchased 49.38% ($690.92 billion) of U.S. manufactured goods exports in 2021 – 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.