VirginiaState in United States
2019 Economic Complexity: 0.2, Rank 34 of 53
Jan 2021 Trade Exports | Imports: $1.53B | $2.55B, 25 of 54 | 19 of 54
Jan 2021 Country Destination | Origin: China | China , $277M | $571M
Jan 2021 Product Exports | Imports: Soybeans | Industrial Printers , $179M | $239M
Overview: This page contains the latest international trade data for Virginia, including export and import data.
Exports: In 2020, United States' Virginia exported $16.4B, making it the 26th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Virginia were Bituminous coal, not agglomerated ($1.52B), Electronic integrated circuits: memories ($827M), Soya beans: other than seed, whether... ($751M), Aircraft parts nes ($617M), and Printing machinery: parts and accessories, n.e.c.... ($371M).
Imports: In 2020, United States' Virginia imported $28.9B, making it the 19th largest importer out of the 53 importers in United States. In 2020 top imports of Virginia were Printing machinery: parts and accessories, n.e.c.... ($2.39B), Aircraft parts nes ($1.01B), Units of automatic data processing machines:... ($944M), Commodities not specified according to kind ($631M), and Tricycles, scooters, pedal cars and similar... ($587M).
Economic Complexity: In 2019, the highest complexity exports of Virginia according to the product complexity index (PCI) are Photographic Chemicals (2.16), Halides (1.86), Silicone (1.83), Metalworking Machines (1.82), and Oscilloscopes (1.77). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In January 2021 Virginia exported $1.53B and imported $2.55B, resulting in a negative trade balance of $1.02B. Between January 2020 and January 2021 the exports of Virginia have increased by $146M (10.6%) from $1.38B to $1.53B, while imports increased by $90.7M (3.69%) from $2.46B to $2.55B.
Trade: In January 2021, the top exports of Virginia were Soybeans ($179M), Coal Briquettes ($167M), Integrated Circuits ($65.7M), Pig Meat ($60M), and Industrial Printers ($37.8M). In January 2021 the top imports of Virginia were Industrial Printers ($239M), Computers ($125M), Aircraft Parts ($119M), Other Furniture ($68.7M), and Vehicle Parts ($49.4M).
Destinations: In January 2021, Virginia exported mostly to China ($277M), Canada ($255M), Mexico ($66.7M), Taiwan ($55M), and Brazil ($53.9M), and imported mostly from China ($571M), Canada ($215M), Germany ($181M), Malaysia ($146M), and Vietnam ($131M).
Growth: In January 2021, the increase in Virginia's year-by-year exports was explained primarily by an increase in exports to China ($163M or 143%), Canada ($23M or 9.92%), and Tunisia ($19.8M or 7.5k%), and product exports increase in Soybeans ($151M or 527%), Beer ($15.7M or 429%), and Pig Meat ($14.9M or 32.9%). In January 2021, the increase in Virginia's year-by-year imports was explained primarily by an increase in imports from Canada ($52.9M or 32.6%), Taiwan ($49.4M or 148%), and China ($47.5M or 9.07%), and product imports increase in Computers ($47.9M or 61.8%), Industrial Printers ($32.7M or 15.8%), and Flavored Water ($22M or 232%).
EXPORT GROWTH (January 2020 - January 2021): $146M, (10.6%)
IMPORT GROWTH (January 2020 - January 2021): $90.7M, (3.69%)
This section shows exports and imports data at subnational level for Virginia. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Virginia over time.
This section shows the differences between Virginia's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.
Top Destination (2020): Canada, $2.72B
Top Product (2020): Bituminous coal, not agglomerated, $1.52B
In 2020 the top export destinations of Virginia were Canada ($2.72B), China ($1.85B), Mexico ($832M), United Kingdom ($698M), and Singapore ($636M).
In 2020 the top exports of Virginia were Bituminous coal, not agglomerated ($1.52B), Electronic integrated circuits: memories ($827M), Soya beans: other than seed, whether... ($751M), Aircraft parts nes ($617M), and Printing machinery: parts and accessories, n.e.c.... ($371M).
Top Origin (2020): China, $6.57B
Top Import (2020): Printing machinery: parts and accessories, n.e.c...., $2.39B
In 2020 the top import origins of Virginia were China ($6.57B), Germany ($2.18B), Canada ($2.07B), Malaysia ($1.97B), and Mexico ($1.6B).
In 2020 the top imports of Virginia were Printing machinery: parts and accessories, n.e.c.... ($2.39B), Aircraft parts nes ($1.01B), Units of automatic data processing machines:... ($944M), Commodities not specified according to kind ($631M), and Tricycles, scooters, pedal cars and similar... ($587M).
Virginia ranks 34th 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 Developed Exposed Photographic Material (0.27), Non-optical Microscopes (0.26), Photographic Plates (0.26), Liquid Fuel Furnaces (0.26), and Harvesting Machinery (0.26).
The highest complexity exports of Virginia according to the product complexity index (PCI) are Photographic Chemicals (2.16), Halides (1.86), Silicone (1.83), Metalworking Machines (1.82), and Oscilloscopes (1.77). 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 (104), Pig and Poultry Fat (55.8), Cellulose (28.1), Synthetic Filament Tow (27.4), and Polyamides (25.8).
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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