Top 500 U.S. Manufacturing Firms Had 2011 Sales of $5 Trillion, Almost As Much as Japan's GDP
|Rank||10 Largest U.S. Manufacturing Industries, 2011||Revenue (Millions)||Examples|
|1||Petroleum & Coal Products||$1,274,150||Exxon, Chrevron, Conoco|
|2||Computers & Other Electronic Products||$709,613||HP, IBM, Apple, Dell|
|3||Chemicals||$406,445||P&G, Dow, DuPont|
|4||Pharmaceuticals||$306,076||J&J, Pfizer, Merck and Co.|
|5||Motor Vehicles||$303,540||Ford, GM, Harley-Davidson|
|6||Food||$284,469||General Mills, Kellogg, Campbell|
|7||Aerospace & Defense||$254,126||Boeing, Lockheed Martin|
|8||Electrical Equipment & Appliances||$244,738||GE, Emerson, Whirlpool|
|9||Machinery||$227,481||Caterpillar, Deere, Xerox|
|10||Beverages||$120,356||Pepsi, Coke, Snapple|
2. The sales revenue from the top ten manufacturing industries totaled $4.13 trillion in 2011 (see chart above), which was more than Germany's entire GDP of $3.6 trillion last year.
3. Annual sales of $1.27 billion in 2011 for America's single largest manufacturing industry - petroleum and coal products - was larger than the GDP of both Mexico and South Korea, and larger than the Gross State Product of both Texas and New York.
4. Annual sales of $709 billion for America's second largest manufacturing industry - computers and other electronic products was more than the entire GDP last year of Switzerland ($594 billion) and almost as much as the GDP of Turkey ($797 billion) and the GSP of Florida ($754 billion).
MP: The comparisons above help put the enormous size of the U.S. manufacturing sector into perspective and demonstrate that American manufacturing is not withering and disappearing, but thriving, expanding and prospering. In terms of profits, the American manufacturing sector will have its best year ever in 2011. Based on data currently available through the third quarter, the U.S. manufacturing corporations are on track to earn more than $600 billion in profits for 2011, which will be a new record high, and double the profits in both 2008 ($266 billion) and 2009 ($286 billion), and 36% above the pre-recession level of $442 billion in 2007. American manufacturing is alive and well.