Massachusetts’ world-class workforce and educational institutions make the state a central location for the export of cutting-edge technology. Massachusetts’ medical equipment, high tech instruments, and industrial machinery are in high demand across the globe, with Massachusetts' exports totaling $77 billion annually.

• In Massachusetts, 1,100,000 jobs were supported by trade, representing 20.0% of all jobs in the state.^1,2
• In 2023, 9,487 companies exported goods from Massachusetts, of which 87% were small- and medium-sized enterprises. In 2022, 236,600 people were employed by affiliates of companies at least 50% foreign-owned.^3,4

• Massachusetts exported $77 billion in goods and services to foreign markets in 2023. ⁵
  • Canada ($6.1 billion)
  • Ireland ($5.7 billion)
  • China ($5.6 billion)
  • Belgium ($5.1 billion)
  • United Kingdom ($4.6 billion)
• Agricultural exports are important to Massachusetts's economy, totaling $207 million annually, according to the USDA.⁶
• Since 2014, the U.S. Export-Import Bank has financed $2 billion in exports from 109 companies in Massachusetts.⁷
• Since 1992, the U.S. Trade and Development Agency has helped facilitate $1.3 billion in exports from Massachusetts companies.⁹

• From 2023-2024, 82,306 international students were enrolled in Massachusetts colleges and universities, contributing $3.9 billion to the Massachusetts economy.¹⁰

• Since 1961, 8,653 Peace Corps volunteers from Massachusetts have served in dozens of countries overseas.¹¹

1. https://www.uschamber.com/international/trade-agreements/trade-means-growth-for-america?state=
2. https://www.census.gov/foreign-trade/Press-Release/edb/edbrel2023.pdf
3. https://www.bea.gov/sites/default/files/2024-11/imne-1124.pdf
4. https://www.uschamber.com/international/trade-agreements/trade-means-growth-for-america
5. https://www.trade.gov/data-visualization/state-trade-and-economy-factsheets
6. https://www.ers.usda.gov/data-products/state-agricultural-trade-data
7. https://www.ers.usda.gov/data-products/state-agricultural-trade-data/annual-state-agricultural-exports
8. https://www.exim.gov/customer-map/
9. https://www.mcc.gov/work-with-us/contracts-map
10. https://files.peacecorps.gov/documents/Home_states_of_Peace_Corps_volunteers.pdf
11. https://opendoorsdata.org/fact_sheets/state-fact-sheets/