 Manufacturing is a part of the foundation of South Carolina's economy. No other sector contributes more - whether it's tax revenue, job creation, high wages, or community support than the more than 5,000 manufacturing operations that are the economic backbone of our state.
Below are just a few facts...
The manufacturing sector employs approximately 18% of all South Carolinians.- The average salary for a manufacturing job is $44,876; the average salary for other jobs in the state of South Carolina is $35,620.
- There are more than 5,000 manufacturing businesses in our state.
- Manufacturing's share of South Carolina's GSP (Gross State Product) is $24.9 billion. That's 18% of the state's entire GDP.
- In 2005, South Carolina manufacturers exported $13.5 billion of the $13.9 billion in total goods; that's 97% of all exports.
- Nearly 40% of South Carolina goods go to neighboring NAFTA countries.
- Almost 25% of all manufacturing jobs in SC depend on exports for their jobs.
- A total of 4,549 companies exported goods from South Carolina locations. Of those, 3,679 (80.9%), were small and medium-sized companies with fewer than 500 employees.
- In 2004, foreign-controlled companies employed 60,700 workers in South Carolina, which accounts for over one-fifth (22.5%) of the total manufacturing employment in our state.
- In 2006, South Carolina exported over $3.2 billion in goods to Canada, the state's largest exporting market.
Sources: The National Association of Manufacturers, the U.S. Department of Commerce, and the South Carolina Department of Commerce.
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