Maryland

Maryland Exports & Foreign Investment

 

In 2023, Maryland exported a record $18.4 billion of goods to the world.  In 2021, exports from Maryland supported an estimated 54 thousand jobs.

 

Exports from Maryland and Jobs

• Maryland was the 26^th largest state exporter of goods in 2023.
• In 2023, Maryland goods exports were $18.4 billion, an increase of 56 percent ($6.6 billion) from its export level in 2013 (latest data available).
• Goods exports accounted for 3.6 percent of Maryland GDP in 2023 (latest data available).
• Maryland goods exports in 2021 (latest data available) supported an estimated 54 thousand jobs. Nationally, jobs supported by goods exports pay up to an estimated 18 percent above the national average.

Manufacturing Exports from Maryland and Jobs

• In 2023, Maryland exported $13.5 billion of manufactured products.
• Maryland exports of manufactured products supported an estimated 43 thousand jobs in 2021 (latest data available).
• The state's largest manufacturing export category is transportation equipment, which accounted for $4.6 billion of Maryland's total goods exports in 2023.
• Other top manufacturing exports are chemicals ($2.6 billion), machinery, except electrical ($1.7 billion), computer and electronic products ($1.3 billion), and fabricated metal products, not elsewhere specified ($571 million).

 

Exports Sustain Thousands of Maryland Businesses many of which are SMEs

• A total of 6,626 companies exported from Maryland locations in 2022 (latest data available). Of those, 5,806 (88 percent) were small and medium sized enterprises with fewer than 500 employees.
•  Small and medium-sized firms generated 33.4 percent of Maryland's total exports of goods in 2022.

 

Maryland Depends on World Markets

• The state’s largest market was Canada. Maryland exported $2.4 billion in goods to Canada in 2023, representing 13 percent of the state’s total goods exports.
• Canada was followed by France ($1.6 billion), Netherlands ($1.4 billion), Germany ($1.3 billion), and Japan ($1.2 billion).
• Maryland’s exports to major world areas included:

 

• 29 percent of Maryland’s goods exports ($5.3 billion) in 2023 went to current FTA partners. 

Agriculture in Maryland depends on Exports

• Maryland is the country’s 36^th largest agricultural exporting state, shipping $935 million in domestic agricultural exports abroad in 2022 (latest data available according to the U.S. Dept. of Agriculture).^[1]
• Top Agricultural exports were:

 

International Investment Creates Jobs in Maryland

• In 2021 (latest data available), foreign-controlled companies employed 117,800 Maryland workers. Major sources of foreign investment in Maryland included the United Kingdom, the Netherlands and Canada. 
• Foreign investment in Maryland was responsible for 5.5 percent of the state's total private-industry employment in 2021.

Maryland’s Major Metropolitan Areas Benefit from Exporting

In 2022 (latest data available), the following metropolitan areas in Maryland recorded goods exports: Washington-Arlington-Alexandria ($14 billion), Baltimore-Columbia-Towson ($7.8 billion), Salisbury ($648.6 million), California-Lexington Park ($394.7 million), Hagerstown-Martinsburg ($145.1 million), and Cumberland ($49.9 million).