Norfolk-Newport News, VA

Overview In January 2024 Norfolk-Newport News, VA exported $3.16B and imported $5.74B, resulting in a negative trade balance of $2.59B. Between January 2023 and January 2024 the exports of Norfolk-Newport News, VA have increased by $32.7M (1.05%) from $3.12B to $3.16B, while imports decreased by $-366M (-5.98%) from $6.11B to $5.74B.

Trade In January 2024, the top exports of Norfolk-Newport News, VA were Vaccines, blood, antisera, toxins and cultures ($452M), Soybeans ($253M), Motor vehicles; parts and accessories (8701... ($107M), Sulfate Chemical Woodpulp ($66.2M), and Reaction and Catalytic Products ($44.4M). In January 2024 the top imports of Norfolk-Newport News, VA were Packaged Medicaments ($241M), Motor vehicles; parts and accessories (8701... ($214M), Other Furniture ($123M), Machinery Having Individual Functions ($118M), and Industrial Printers ($113M).

Destinations In January 2024, Norfolk-Newport News, VA exported mostly to Germany ($282M), China ($229M), Netherlands ($184M), Belgium ($181M), and United Kingdom ($181M), and imported mostly from Germany ($771M), China ($739M), India ($509M), Italy ($422M), and Vietnam ($297M).

Growth In January 2024, the increase in Norfolk-Newport News, VA's year-by-year exports was explained primarily by an increase in exports to China ($255M or 123%), Netherlands ($90.2M or 101%), and Austria ($79.9M or 125%), and product exports increase in Soybeans ($209M or 156%), Vaccines, blood, antisera, toxins and cultures ($137M or 61.5%), and Aircraft Parts ($99.1M or 3.83k%). In January 2024, the decrease in Norfolk-Newport News, VA's year-by-year imports was explained primarily by an decrease in imports from China ($-305M or -27.3%), Brazil ($-75.3M or -58.4%), and Guatemala ($-25.6M or -66.2%), and product imports decrease in Other toys ($-40.5M or -39.9%), Video Displays ($-28.7M or -59.6%), and Unsaturated Acyclic Monocarboxylic Acids ($-23.8M or -76.7%).