VirginiaState in United States
Exports (2019): $17.8B, Rnk 25/53
Top Destination (2019): $3.07B, Canada
Top Export (2019): $1.99B, Bituminous coal, not agglomerated
Imports (2019): $30B, Rnk 19/53
Top Origin (2019): $7.33B, China
Top Import (2019): $2.19B, Printing machinery: parts and accessories, n.e.c....
Economic Complexity (2019): 0.22, Rnk 31 / 53
Overview: This page contains the latest international trade data for Virginia, including export and import data.
Exports: In 2019, United States' Virginia exported $17.8B, making it the 25th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Virginia were Bituminous coal, not agglomerated ($1.99B), Aircraft parts nes ($720M), Electronic integrated circuits: memories ($694M), Road tractors for semi-trailers (truck tractors) ($503M), and Soya beans: other than seed, whether... ($489M).
Imports: In 2019, United States' Virginia imported $30B, making it the 19th largest importer out of the 53 importers in United States. In 2019 top imports of Virginia were Printing machinery: parts and accessories, n.e.c.... ($2.19B), Aircraft parts nes ($1.15B), Commodities not specified according to kind ($917M), Tricycles, scooters, pedal cars and similar... ($726M), and Units of automatic data processing machines:... ($385M).
Economic Complexity: In 2019, the highest complexity exports of Virginia 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 Chemical Analysis Instruments (1.78). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Top Destination (2019): Canada, $3.07B
Top Product (2019): Bituminous coal, not agglomerated, $1.99B
In 2019 the top export destinations of Virginia were Canada ($3.07B), China ($1.2B), Mexico ($1.04B), United Kingdom ($937M), and Germany ($725M).
In 2019 the top exports of Virginia were Bituminous coal, not agglomerated ($1.99B), Aircraft parts nes ($720M), Electronic integrated circuits: memories ($694M), Road tractors for semi-trailers (truck tractors) ($503M), and Soya beans: other than seed, whether... ($489M).
Fastest Growing Exports Destination (July 2019 - July 2020)
Rapidly Declining Export Origins (July 2019 - July 2020)
Top Origin (2019): China, $7.33B
Top Import (2019): Printing machinery: parts and accessories, n.e.c...., $2.19B
In 2019 the top import origins of Virginia were China ($7.33B), Germany ($2.49B), Canada ($2.16B), Malaysia ($1.47B), and Mexico ($1.34B).
In 2019 the top imports of Virginia were Printing machinery: parts and accessories, n.e.c.... ($2.19B), Aircraft parts nes ($1.15B), Commodities not specified according to kind ($917M), Tricycles, scooters, pedal cars and similar... ($726M), and Units of automatic data processing machines:... ($385M).
This section shows differences between total trade from Virginia throughout time.
This section shows forecasts for total exports and imports from Virginia. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
Virginia ranks 31st out of the 53 states and territories in United States according to ECI.
Estimated using exports data.
The top export opportunities according to the relatedness level, without considering those products were Virginia already has a comparative advantage, are led by Photo Lab Equipment (0.26), Planes, Helicopters, and/or Spacecraft (0.26), Non-optical Microscopes (0.26), Photographic Plates (0.26), and Harvesting Machinery (0.26).
The highest complexity exports of Virginia 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 Chemical Analysis Instruments (1.78). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Artificial Filament Tow (93), Synthetic Filament Tow (27.5), Cellulose (26.7), Explosive Ammunition (25.7), and Polyamides (25.3).
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 Virginia 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.
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.
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