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 2020, 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.

Historical Data

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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).

Average price over time

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Exports Dynamics

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Fastest Growing Exports Destination (Aug 2020 - Aug 2021)

Rapidly Declining Export Origins (Aug 2020 - Aug 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 (Aug 2020 - Aug 2021)

Rapidly Declining Import Origins (Aug 2020 - Aug 2021)

Economic Complexity

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Economic Complexity of United States

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Economic Complexity (2020): 0.34

Norfolk, Va ranks 15th out of the 43 districts in United States according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

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 X-Ray Equipment (0.41), Photographic Film (0.4), Non-optical Microscopes (0.4), Chemical Analysis Instruments (0.39), and Photo Lab Equipment (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 (194.0), Wood Barrels (70.4), Pig and Poultry Fat (46.5), Molybdenum Ore (42.1), and Other Inorganic Acids Salts (33.0).

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.