Wyoming

Wyoming Exports & Foreign Investment

 

In 2023, Wyoming exported a record $2.1 billion of goods to the world.  In 2021, exports from Wyoming supported an estimated 5 thousand jobs.

 

Exports from Wyoming and Jobs

• Wyoming was the 48^th largest state exporter of goods in 2023.
• In 2023, Wyoming goods exports were $2.1 billion, an increase of 59 percent ($792 million) from its export level in 2013 (latest data available).
• Goods exports accounted for 4.3 percent of Wyoming GDP in 2023 (latest data available).
• Wyoming goods exports in 2021 (latest data available) supported an estimated 5 thousand jobs. Nationally, jobs supported by goods exports pay up to an estimated 18 percent above the national average.

Manufacturing Exports from Wyoming and Jobs

• In 2023, Wyoming exported $2.0 billion of manufactured products.
• Wyoming exports of manufactured products supported an estimated 4 thousand jobs in 2021 (latest data available).
• The state's largest manufacturing export category is chemicals, which accounted for $1.7 billion of Wyoming's total goods exports in 2023.
• Other top manufacturing exports are machinery, except electrical ($114 million), petroleum and coal products ($85 million), fabricated metal products, not elsewhere specified ($39 million), and nonmetallic mineral products ($23 million).

 

Exports Sustain Thousands of Wyoming Businesses many of which are SMEs

• A total of 522 companies exported from Wyoming locations in 2022 (latest data available). Of those, 432 (83 percent) were small and medium sized enterprises with fewer than 500 employees.
•  Small and medium-sized firms generated 68.6 percent of Wyoming's total exports of goods in 2022.

 

Wyoming Depends on World Markets

• The state’s largest market was Canada. Wyoming exported $380 million in goods to Canada in 2023, representing 18 percent of the state’s total goods exports.
• Canada was followed by Chile ($263 million), Brazil ($221 million), Indonesia ($155 million), and Korea, South ($141 million).
• Wyoming’s exports to major world areas included:

 

• 49 percent of Wyoming’s goods exports ($1.0 billion) in 2023 went to current FTA partners. 

 

Agriculture in Wyoming depends on Exports

• Wyoming is the country’s 39^th largest agricultural exporting state, shipping $410 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 Wyoming

• In 2021 (latest data available), foreign-controlled companies employed 8,100 Wyoming workers. Major sources of foreign investment in Wyoming included the United Kingdom, Canada and Japan.
• Foreign investment in Wyoming was responsible for 3.9 percent of the state's total private-industry employment in 2021.

Wyoming’s Major Metropolitan Areas Benefit from Exporting

In 2022 (latest data available), the following metropolitan areas in Wyoming recorded goods exports: Casper ($94.9 million), and Cheyenne ($54.9 million).