Massachusetts’ world-class workforce and educational institutions make the state a key exporter of cutting-edge technology. Massachusetts’ medical equipment, high tech instruments, and industrial machinery are in high demand across the globe, with Massachusetts' exports totaling $35.2 billion in 2023.

• In Massachusetts, 1,046,200 jobs were supported by trade, representing 21.2% of all jobs in the state.^1,2
• In 2022, 10,372 companies exported goods from Massachusetts of which 89% were small- and medium-sized enterprises. In 2021, 228,000 people were employed by affiliates of companies at least 50% foreign-owned.^3,4

• Massachusetts exported $35.2 billion in goods to foreign markets in 2023, an 8% increase compared to 2022. Massachusetts’s largest markets were:⁵
  • Belgium ($4.9 billion)
  • China ($3.3 billion)
  • Canada ($3.3 billion)
  • Mexico ($2.7 billion)
  • Germany ($2.3 billion)
• Agricultural exports are important to Massachusetts’ economy, totaling $225.5 million in 2022, 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
• The Millennium Challenge Corporation has provided $120.3 million in funding to Massachusetts organizations since the agency's inception in 2004.⁸
• Since 1992, the U.S. Trade and Development Agency has helped facilitate $1.3 billion in exports from Massachusetts companies.⁹

• From 2022-2023, 79,751 international students were enrolled in Massachusetts colleges and universities and contributed $3.6 billion to the Massachusetts economy.¹⁰

• Since 1961, 8,763 Peace Corps volunteers from Massachusetts 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/