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Vermont

Vermont Trade Facts​

  • In 2018, Vermont exported $2.9 billion of Made-in-America goods to the world. In 2016, exports from Vermont supported an estimated 12 thousand jobs.

Exports from Vermont and Jobs

  • Vermont was the 44th largest state exporter of goods in 2018.
     
  • In 2018, Vermont goods exports were $2.9 billion, a decrease of 21 percent ($778 million) from its export level in 2008.
     
  • Goods exports accounted for 8.6 percent of Vermont GDP in 2017.
     
  • Vermont goods exports in 2016 (latest year available) supported an estimated 12 thousand jobs. Nationally, jobs supported by goods exports pay up to an estimated 18 percent above the national average.

Made-in-America Manufacturing Exports from Vermont and Jobs

  • In 2018, Vermont exported $2.8 billion of manufactured products.
     
  • Vermont exports of manufactured products supported an estimated 11 thousand jobs in 2016.
     
  • The state's largest manufacturing export category is computer & electronic products, which accounted for $1.9 billion of Vermont's total goods exports in 2018.
     
  • Other top manufacturing exports are machinery, except electrical ($152 million), miscellaneous manufactured commodities ($132 million), food & kindred products ($118 million), and chemicals ($87 million).

Exports Sustain Thousands of Vermont Businesses many of which are SMEs

  • A total of 1,086 companies exported from Vermont locations in 2016 (latest year available). Of those, 932 (86 percent) were small and medium sized enterprises with fewer than 500 employees.
     
  • Small and medium-sized firms generated 22.6 percent of Vermont's total exports of goods in 2016.

Vermont Depends on World Markets

  • The state’s largest market was Canada. Vermont exported $1.3 billion in goods to Canada in 2018, representing 43 percent of the state’s total goods exports.
     
  • Canada was followed by Hong Kong ($262 million), Taiwan ($195 million), South Korea ($186 million), and China ($168 million).
     
  • Vermont’s exports (2018 value) to major world areas included:

 

2018 Value

APEC

$2.4 billion

Asia

$1.1 billion

European Union

$380 million

South/Central America and Caribbean

$44 million

Sub-Saharan Africa

$7 million

 
  • 55 percent of Vermont’s exports ($1.6 billion) go to current FTA partners. 

Agriculture in Vermont depends on Exports

  • Vermont is the country’s 44th largest agricultural exporting state, shipping $201 million in domestic agricultural exports abroad in 2017 (latest data available according to the U.S. Dept. of Agriculture).1

  • Top Agricultural exports (2017 value) were:

 

2017 Value

 2017 State Rank

other plant products

$98 million

36

dairy products

$72 million

18

other livestock products

$7 million

46

beef and veal

$6 million

41

other poultry products

$5 million

39

 

International Investment Creates Jobs in Vermont

  • In 2015 (latest data available), foreign-controlled companies employed 11,100 Vermont workers. Major sources of foreign investment in Vermont included Canada, France and Switzerland.
     
  • Foreign investment in Vermont was responsible for 4.7 percent of the state's total private-industry employment in 2015.

Vermont’s Major Metropolitan Areas Benefit from Exporting

  • In 2017 (latest data available), the following metropolitan areas in Vermont recorded goods exports: Burlington ($1.3 billion). 

 

1Estimates of state exports of agricultural products by the U.S. Dept. of Agriculture and goods exports by the U.S. Dept. of Commerce are based on different methodologies and are not directly comparable.