Ohio

Ohio Exports & Foreign Investment

 

In 2023, Ohio exported not a record $55.8 billion of goods to the world.  In 2021, exports from Ohio supported an estimated 194 thousand jobs.

 

Exports from Ohio and Jobs

• Ohio was the 10^th largest state exporter of goods in 2023.
• In 2023, Ohio goods exports were $55.8 billion, an increase of 9 percent ($4.7 billion) from its export level in 2013 (latest data available).
• Goods exports accounted for 6.4 percent of Ohio GDP in 2023 (latest data available).
• Ohio goods exports in 2021 (latest data available) supported an estimated 194 thousand jobs. Nationally, jobs supported by goods exports pay up to an estimated 18 percent above the national average.

Manufacturing Exports from Ohio and Jobs

• In 2023, Ohio exported $52.3 billion of manufactured products.
• Ohio exports of manufactured products supported an estimated 170 thousand jobs in 2021 (latest data available).
• The state's largest manufacturing export category is transportation equipment, which accounted for $16.1 billion of Ohio's total goods exports in 2023.
• Other top manufacturing exports are chemicals ($8.8 billion), machinery, except electrical ($6.6 billion), fabricated metal products, not elsewhere specified ($3.5 billion), and primary metal manufacturing ($3.1 billion).

 

Exports Sustain Thousands of Ohio Businesses many of which are SMEs

• A total of 16,081 companies exported from Ohio locations in 2022 (latest data available). Of those, 14,154 (88 percent) were small and medium sized enterprises with fewer than 500 employees.
•  Small and medium-sized firms generated 24.7 percent of Ohio's total exports of goods in 2022.

 

Ohio Depends on World Markets

• The state’s largest market was Canada. Ohio exported $21.4 billion in goods to Canada in 2023, representing 38 percent of the state’s total goods exports.
• Canada was followed by Mexico ($8.3 billion), China ($2.8 billion), Japan ($2.1 billion), and Brazil ($2.0 billion).
• Ohio’s exports to major world areas included:

 

 

• 61 percent of Ohio’s goods exports ($33.9 billion) in 2023 went to current FTA partners. 

Agriculture in Ohio depends on Exports

• Ohio is the country’s 10^th largest agricultural exporting state, shipping $6.1 billion 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 Ohio

• In 2021 (latest data available), foreign-controlled companies employed 300,100 Ohio workers. Major sources of foreign investment in Ohio included Japan, the United Kingdom and Germany.
• Foreign investment in Ohio was responsible for 6.4 percent of the state's total private-industry employment in 2021.

Ohio’s Major Metropolitan Areas Benefit from Exporting

In 2022 (latest data available), the following metropolitan areas in Ohio recorded goods exports: Cincinnati ($29.3 billion), Cleveland-Elyria ($9.6 billion), Toledo ($5 billion), Dayton-Kettering ($3.5 billion), Akron ($3 billion), Canton-Massillon ($1.3 billion), Youngstown-Warren-Boardman ($861.1 million), Lima ($519.9 million), Mansfield ($385 million), Weirton-Steubenville ($269.9 million), and Sandusky ($0 million).