Vermont

Vermont Exports and Foreign Investment

In 2024, Vermont exported $1.9 billion of goods to the world. In 2022, exports from Vermont supported an estimated 8,000 jobs (latest data available).

Exports from Vermont and Jobs

• Vermont was the 49th largest state exporter of goods in 2024.
• In 2024, Vermont goods exports were $1.9 billion, a decrease of 49 percent ($1.8 billion) from its export level in 2014.
• Goods exports accounted for 4.3 percent of Vermont GDP in 2024.
• Vermont goods exports in 2022 supported an estimated 8,000 jobs (latest data available). Nationally, jobs supported by goods exports pay up to an estimated 18 percent above the national average.

Manufacturing Exports from Vermont and Jobs

• In 2024, Vermont exported $1.8 billion of manufactured products.
• Vermont exports of manufactured products supported an estimated 7,000 jobs in 2022 (latest data available).
• The state's largest manufacturing export category is computer & electronic products, which accounted for $685 million of Vermont's total goods exports in 2024.
• Other top manufacturing exports are food & kindred products ($203 million), miscellaneous manufactured commodities ($191 million), machinery, except electrical ($176 million), and paper ($125 million).

Exports Sustain Vermont Businesses many of which are SMEs

• A total of 1,056 companies exported from Vermont locations in 2022 (latest data available). Of those, 907 (86 percent) were small and medium sized enterprises with fewer than 500 employees.
• Small and medium-sized firms generated 24.2 percent of Vermont's total exports of goods in 2022.

Vermont Depends on World Markets

• The state’s largest market was Canada. Vermont exported $645 million in goods to Canada in 2024, representing 35 percent of the state’s total goods exports.
• Canada was followed by Taiwan ($254 million), China ($139 million), Germany ($87 million), and South Korea ($75 million).
• Vermont’s exports to major world areas included:

• 48 percent of Vermont’s goods exports ($896 million) in 2024 went to current FTA partners.  

Agriculture in Vermont depends on Exports

• Vermont is the country’s 44th largest agricultural exporting state, shipping $215 million in domestic agricultural exports abroad in 2023 (latest data available according to the U.S. Dept. of Agriculture).
• Top Agricultural exports were:

	2023 Value	2023 State Rank
dairy products	$96 million	19
other plant products	$92 million	40
beef and veal	$11 million	40
other livestock products	$7 million	47
other poultry products	$3 million	46

International Investment Creates Jobs in Vermont

• In 2022 (latest data available), foreign-controlled companies employed 14,600 Vermont workers. Major sources of foreign investment in Vermont included Canada, France and Germany.
• Foreign investment in Vermont was responsible for 5.7 percent of the state's total private-industry employment in 2022.

Vermont’s Major Metropolitan Areas Benefit from Exporting

In 2023 (latest data available), the following metropolitan area in Vermont recorded goods exports: Burlington-South Burlington ($1.2 billion).