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Vermont

Vermont Trade Facts

  • In 2016, Vermont exported $3.0 billion of Made-in-America goods to the world, which supported an estimated 13 thousand jobs.

Exports from Vermont and Jobs

  • Vermont was the 44th largest state exporter of goods in 2016.

  • In 2016, Vermont goods exports were $3.0 billion, an increase of 23 percent ($884 million) from its export level in 2006.

  • Goods exports accounted for 10.5 percent of Vermont GDP in 2015 (latest year available).

  • An estimated 13 thousand jobs were supported by Vermont goods exports in 2015 (latest year available). 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 2015, Vermont exported $2.9 billion of manufactured products.

  • Vermont exports of manufactured products supported an estimated 12 thousand jobs in 2015.

  • The state's largest manufacturing export category is computer & electronic products, which accounted for $1.9 billion of Vermont's total goods exports in 2016.

  • Other top manufacturing exports are food & kindred products ($203 million), machinery, except electrical ($142 million), miscellaneous manufactured commodities ($139 million), and transportation equipment ($84 million).

Exports Sustain Thousands of Vermont Businesses many of which are SMEs

  • A total of 1,183 companies exported from Vermont locations in 2015 (latest year available). Of those, 983 (83.1 percent) were small and medium sized enterprises with fewer than 500 employees.

  • Small and medium-sized firms generated 34.9 percent of Vermont's total exports of goods in 2015.

Vermont Depends on World Markets

  • The state’s largest market was Canada. Vermont exported $1.2 billion in goods to Canada in 2016, representing 40 percent of the state’s total goods exports.

  • Canada was followed by Hong Kong ($352 million), Malaysia ($193 million), China ($176 million), and Korea, South ($153 million).

  • Vermont’s exports (2016 value) to major world areas included:

    • APEC $2.5 billion

    • Asia $1.2 billion

    • European Union $390 million

    • South/Central America and Caribbean $33 million

    • Sub-Saharan Africa  $5 million

  • 52 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 $196 million in domestic agricultural exports abroad in 2015 (latest data available according to the U.S. Dept. of Agriculture).1

  • Vermont exports of agricultural products supported roughly an estimated 2 thousand jobs in 2013 (latest data available), both on and off the farm.

  • Top Agricultural exports were:

    • other plant products

      • 2015 Value: $92 million

      • 2015 State Rank: 37

    • dairy products

      • 2015 Value: $72 million

      • 2015 State Rank: 18

    • beef and veal

      • 2015 Value: $7 million

      • 2015 State Rank: 41

    • other livestock products

      • 2015 Value: $7 million

      • 2015 State Rank: 46

    • other poultry products

      • 2015 Value: $4 million

      • 2015 State Rank: 40

International Investment Creates Jobs in Vermont

  • In 2014 (latest data available), foreign-controlled companies employed 11,600 Vermont workers. Major sources of foreign investment in Vermont included Canada, the United Kingdom and France. 

  • Foreign investment in Vermont was responsible for 4.5 percent of the state's total private-industry employment in 2014.

Vermont’s Major Metropolitan Areas Benefit from Exporting

  • In 2015 (latest data available), the following metropolitan areas in Vermont recorded goods exports: Burlington-South Burlington ($2.1 billion).