Manufacturers in South Dakota account for 9.08 percent of the total output in the state, employing 10.30 percent of the workforce. Total output from manufacturing was $4.25 billion in 2013. In addition, there were 43,400 manufacturing employees in South Dakota in 2014, with an average annual compensation of $50,417 in 2013.
Manufacturing Output and Firms
Total Manufacturing Output ($billions, 2013) $4.25
(Percent share of total gross state product) 9.09%
Manufacturing Firms in South Dakota (2012) 942
Sources: U.S. Bureau of Economic Analysis and the U.S. Census Bureau
Employment and Compensation
Manufacturing Employment (2014) 43,300
(Percent share of nonfarm employment) 10.30%
Average Annual Compensation
(Manufacturing, 2013) $50,417
(Nonfarm Businesses, 2013) $36,599
South Dakota Export Facts
Manufacturers help to drive South Dakota’s economy, with $1.47 billion in manufactured goods exports in 2014. That same year, $1.09 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 17.10 percent of its employment stemmed from exports in 2011. Small businesses comprised 75.40 percent of all exporters in South Dakota.
Manufactured Goods Exports ($billions, 2014) $1.47
(Percent share of total goods exports) 92.17%
Growth in Manufactured Goods Exports 58.23%
U.S. Jobs Supported by Goods Exports (2013) 17.10%
Employment from Manufacturing Exports 75.40%
(Export share of manufacturing jobs, 2011)
Small Business Share of Total Exporters (2013)
Sources: International Trade Administration, U.S. Census Bureau
Manufactured Goods to Free Trade Agreement Partners ($billions, 2014) $1.09
(Percent of total exports, 2014) 74.21%
Top Five Export Markets (% of total manufactured goods exports, 2014) 75.16%
Saudi Arabia (3.23%)
Additional Trade Facts
In 2014, manufacturers in the United States sold $55.0 billion more in manufactured goods to our FTA partners than we bought from them. The United States has a manufactured trade deficit of $579.2 billion from countries where no FTAs existed.
FTA countries: Australia, Bahrain, Canada, Chile, Columbia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, Mexico, Morocco, Nicaragua, Oman, Panama, Peru, Singapore and South Korea.