Vermont manufacturers thrive thanks to its exports to overseas markets, which help support nearly 87,000 jobs in the state and $2 billion in goods. While Vermont is famous for its maple syrup, the state’s computer and electrical manufacturing sectors are also in high demand around the world.

• In Vermont, 86,800 jobs were supported by trade, representing 19.7% of all jobs in the state.^1,2
• In 2022, 1,025 companies exported goods from Vermont of which 87% were small- and medium-sized enterprises. In 2021, 14,200 people were employed by affiliates of companies at least 50% foreign-owned.^3,4

• Vermont exported $2.0 billion in goods to foreign markets in 2023. Vermont’s largest markets were:⁵
  • Canada ($680 million)
  • Taiwan ($218 million)
  • China ($150 million)
  • Germany ($112 million)
  • South Korea ($87 million)
• Agricultural exports are important to Vermont's economy, totaling $255.7 million in 2022, according to the USDA.⁶
• Since 2014, the U.S. Export-Import Bank has financed $404 million in exports from 23 companies in Vermont.⁷

• From 2022-2023, 1,334 international students were enrolled in Vermont colleges and universities and contributed $63 million to the Vermont economy.¹⁰

• Since 1961, 1,622 Peace Corps volunteers from Vermont have served in dozens of countries overseas.¹¹

1. https://s3.amazonaws.com/brt.org/Business-Roundtable_TradeandAmericanJobs2022.pdf
2. https://www.businessroundtable.org/policy-perspectives/trade-international/benefits-of-trade-data
3. https://www.census.gov/foreign-trade/Press-Release/edb/edbrel2021.pdf
4. https://www.bea.gov/sites/default/files/2023-08/imne0823_0.pdf
5. https://www.trade.gov/data-visualization/state-economy-and-trade-factsheets
6. https://www.ers.usda.gov/data-products/state-fact-sheets.aspx#.U2ERwbQzqX8
7. https://www.exim.gov/customer-map/
8. https://www.mcc.gov/work-with-us/mcc-business/vehicles/
9. https://ustda.gov/ustda-success-by-state/
10. https://www.nafsa.org/policy-and-advocacy/policy-resources/nafsa-international-student-economic-value-tool-v2
11. https://www.peacecorps.gov/stories/peace-corps-announces-top-2023-volunteer-producing-states/