Just the Facts!
The manufacturing industry in Minnesota is significant. The following information from the Minnesota Department of Employment and Economic Development highlights the importance and prominence that manufacturing has in Minnesota.
Manufacturing contributes $43.7 billion to the state economy and accounts for 16 percent of Minnesota’s gross domestic product.
- Minnesota has 311,880 manufacturing jobs statewide, which is 13 percent of all private-sector jobs.
- Every manufacturing job also supports another 1.58 jobs in other segments of Minnesota’s economy. That’s another 493,000 jobs.
- In all, manufacturing accounts for about 805,000 jobs or 30 percent of all jobs statewide.
- Across the state, manufacturing accounts for between 6 percent and 18 percent of total employment, depending upon the region.
- Manufacturing has the second-largest total payroll of any private-sector industry at $19 billion annually in 2014.
- Manufacturing pays an average annual wage of $61,048. That's 18 percent higher than the average wage in all other industries.
Top Manufacturing Industries
Most manufacturing jobs in Minnesota are concentrated in these products:
- Food manufacturing
- Computer and electronic products
- Fabricated metal products
- Medical devices
- Plastics and rubber products
- Transportation equipment
- Wood products
Nearly half of Minnesota's Fortune 500 companies operate in manufacturing, including 3M, Medtronic, General Mills, Land O'Lakes, Mosaic, Hormel Foods, Ecolab and St. Jude Medical.
Minnesota’s Manufactured Exports
Minnesota companies sold nearly $20 billion in manufactured products in foreign markets in 2014. More than 8,600 companies throughout Minnesota had export sales in 207 countries.
Top Five Export Markets
Canada is Minnesota's top manufactured export market at $5.56 billion in sales in 2014. Rounding out the top five markets are:
- Mexico at $2.24 billion
- China at $2.23 billion
- Japan at $1.22 billion
- Belgium at $886 million
Top Five Export Industries
Minnesota's top manufactured export is machinery at $4 billion. Rounding out the top five industries are:
- Optic and medical instruments at $3.66 billion
- Machinery at $3.58 billion
- Electrical machinery at $2.72 billion
- Vehicles at $2 billion
- Minnesota ranks 20th among all states for manufactured exports.
- Minnesota ranks 17th among all states for the number of jobs (136,900) generated by manufactured exports.