Massachusetts Manufacturing Facts
Manufacturers in Massachusetts account for 9.72% of the total output in the state, employing 6.71% of the workforce. Total output from manufacturing was $56.14 billion in 2021. In addition, there were an average of 240,000 manufacturing employees in Massachusetts in December 2021, with an average annual compensation of $115,249.34 in 2021.
Employment and Compensation
Sources: U.S. Bureau of Economic Analysis and the U.S. Census Bureau
Massachusetts Export Facts
Manufacturers help to drive the Massachusetts economy, with $30.89 billion in manufactured goods exports in 2021.
Sources: International Trade Administration, U.S. Census Bureau
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.