Virginia

State 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.

Comparison in Time

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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.

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Yearly Exports

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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).

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, $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).

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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Virginia ranks 34th out of the 53 states and territories 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 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).

Most Complex Products by PCI

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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.

Most Specialized Products by RCA Index

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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.

Relatedness Space

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This network shows the products most related to the production structure of  Virginia. These are products that tend to be co-exported with the products that Virginia 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.