Norfolk, Va

District in Virginia, state of United States

Exports (2019): $24.5B, Rnk 20/43

Top Destination (2019): $2.02B, China

Top Export (2019): $1.83B, Blood, human or animal, antisera, other...

Imports (2019): $36.1B, Rnk 20/43

Top Origin (2019): $9.57B, China

Top Import (2019): $1.75B, Printing machinery: parts and accessories, n.e.c....

Economic Complexity (2019): 0.33, Rnk 16 / 43

Overview: This page contains the latest international trade data for Norfolk, VA, including export and import data.

Exports: In 2019, United States' Norfolk, Va exported $24.5B, making it the 20th largest exporter out of the 43 exporters in United States. In 2019 the top exports of Norfolk, Va were Blood, human or animal, antisera, other... ($1.83B), Soya beans: other than seed, whether... ($754M), Chem wood pulp, soda or sulphate,... ($651M), Tobacco, unmanufactured, stemmed or stripped ($497M), and Soya-bean oil-cake and other solid residues ($296M).

Imports: In 2019, United States' Norfolk, Va imported $36.1B, making it the 20th largest importer out of the 43 importers in United States. In 2019 top imports of Norfolk, Va were Printing machinery: parts and accessories, n.e.c.... ($1.75B), Medicaments nes, in dosage ($883M), Tricycles, scooters, pedal cars and similar... ($867M), Motor vehicle parts nes ($418M), and Photosensitive/photovoltaic/LED semiconductor devices ($393M).

Economic Complexity: In 2019, the highest complexity exports of Norfolk, Va according to the product complexity index (PCI) are Photographic Chemicals (2.17), Rolling Machines (1.93), Silicone (1.81), Artificial Filament Tow (1.79), and Halides (1.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
Depth
Year

Top Destination (2019): China, $2.02B

Top Product (2019): Blood, human or animal, antisera, other..., $1.83B

In 2019 the top export destinations of Norfolk, Va were China ($2.02B), Belgium ($1.91B), Germany ($1.45B), United Kingdom ($1.32B), and Netherlands ($1.32B).

In 2019 the top exports of Norfolk, Va were Blood, human or animal, antisera, other... ($1.83B), Soya beans: other than seed, whether... ($754M), Chem wood pulp, soda or sulphate,... ($651M), Tobacco, unmanufactured, stemmed or stripped ($497M), and Soya-bean oil-cake and other solid residues ($296M).

Export Dynamics

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Fastest Growing Exports Destination (July 2019 - July 2020)

Rapidly Declining Export Origins (July 2019 - July 2020)

Yearly Imports

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Value
Depth
Year

Top Origin (2019): China, $9.57B

Top Import (2019): Printing machinery: parts and accessories, n.e.c...., $1.75B

In 2019 the top import origins of Norfolk, Va were China ($9.57B), Germany ($2.76B), Japan ($2.44B), India ($2.29B), and Vietnam ($1.73B).

In 2019 the top imports of Norfolk, Va were Printing machinery: parts and accessories, n.e.c.... ($1.75B), Medicaments nes, in dosage ($883M), Tricycles, scooters, pedal cars and similar... ($867M), Motor vehicle parts nes ($418M), and Photosensitive/photovoltaic/LED semiconductor devices ($393M).

Import Dynamics

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Fastest Growing Import Origins (July 2019 - July 2020)

Rapidly Declining Import Origins (July 2019 - July 2020)

Comparison in Time

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Flow
Value

This section shows differences between total trade from Norfolk, VA throughout time.

This section shows forecasts for total exports and imports from Norfolk, VA. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of United States

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Norfolk, Va ranks 16th out of the 43 districts in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Norfolk, Va already has a comparative advantage, are led by Photographic Plates (0.42), X-Ray Equipment (0.41), Photo Lab Equipment (0.41), Chemical Analysis Instruments (0.4), and Epoxides (0.4).

Most Complex Products by PCI

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The highest complexity exports of Norfolk, Va according to the product complexity index (PCI) are Photographic Chemicals (2.17), Rolling Machines (1.93), Silicone (1.81), Artificial Filament Tow (1.79), and Halides (1.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Other Locomotives (108), Wood Barrels (61.5), Molybdenum Ore (39.4), Raw Tobacco (32.8), and Armored vehicles (24.5).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Norfolk, Va is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Norfolk, Va. These are products that tend to be co-exported with the products that Norfolk, Va exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth
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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.