Norfolk, Va

District in Virginia, State of United States

2019
Economic
Complexity
: 0.32, Rank 18 of 39

Jan 2021
Trade
Exports | Imports
: $2.16B | $3.08B, 18 of 43 | 19 of 42

Jan 2021
Country
Destination | Origin
: China | China , $282M  | $769M

Jan 2021
Product
Exports | Imports
: Soybeans | Packaged Medicaments , $216M  | $183M

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

Exports: In 2020, United States' Norfolk, Va exported $24.5B, making it the 16th largest exporter out of the 43 exporters in United States. In 2020 the top exports of Norfolk, Va were Blood, human or animal, antisera, other... ($1.81B), Soya beans: other than seed, whether... ($1.05B), Chem wood pulp, soda or sulphate,... ($567M), Tobacco, unmanufactured, stemmed or stripped ($379M), and Rail locomotives, diesel-electric ($338M).

Imports: In 2020, United States' Norfolk, Va imported $32.5B, making it the 20th largest importer out of the 43 importers in United States. In 2020 top imports of Norfolk, Va were Printing machinery: parts and accessories, n.e.c.... ($1.3B), Medicaments nes, in dosage ($912M), Photosensitive/photovoltaic/LED semiconductor devices ($769M), Tricycles, scooters, pedal cars and similar... ($717M), and Furniture, wooden, nes ($337M).

Economic Complexity: In 2019, the highest complexity exports of Norfolk, Va according to the product complexity index (PCI) are Photographic Chemicals (2.16), Halides (1.86), Other Esters (1.85), Silicone (1.83), and Metalworking Machines (1.82). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between Norfolk, VA's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): China, $2.46B

Top Product (2020): Blood, human or animal, antisera, other..., $1.81B

In 2020 the top export destinations of Norfolk, Va were China ($2.46B), Belgium ($1.81B), Germany ($1.54B), United Kingdom ($1.3B), and Netherlands ($1.28B).

In 2020 the top exports of Norfolk, Va were Blood, human or animal, antisera, other... ($1.81B), Soya beans: other than seed, whether... ($1.05B), Chem wood pulp, soda or sulphate,... ($567M), Tobacco, unmanufactured, stemmed or stripped ($379M), and Rail locomotives, diesel-electric ($338M).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Top Origin (2020): China, $8.27B

Top Import (2020): Printing machinery: parts and accessories, n.e.c...., $1.3B

In 2020 the top import origins of Norfolk, Va were China ($8.27B), Germany ($2.46B), Vietnam ($2.26B), India ($2.14B), and Japan ($2.05B).

In 2020 the top imports of Norfolk, Va were Printing machinery: parts and accessories, n.e.c.... ($1.3B), Medicaments nes, in dosage ($912M), Photosensitive/photovoltaic/LED semiconductor devices ($769M), Tricycles, scooters, pedal cars and similar... ($717M), and Furniture, wooden, nes ($337M).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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Norfolk, Va ranks 18th out of the 43 districts in United States according to ECI.

Estimated using exports data.

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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), Epoxides (0.39), Photographic Film (0.39), and Orthopedic Appliances (0.39).

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 (2.16), Halides (1.86), Other Esters (1.85), Silicone (1.83), and Metalworking Machines (1.82). 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 (110), Wood Barrels (60.5), Pig and Poultry Fat (44.7), Molybdenum Ore (33.8), and Raw Tobacco (33.6).

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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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.