Virginia

Overview In December 2024 Virginia exported $1.65B and imported $3.27B, resulting in a negative trade balance of $1.62B. Between December 2023 and December 2024 the exports of Virginia have decreased by $-283M (-14.7%) from $1.93B to $1.65B, while imports increased by $676M (26.1%) from $2.59B to $3.27B.

Trade In December 2024, the top exports of Virginia were Coal Briquettes ($162M), Soybeans ($61.5M), Integrated Circuits ($53M), Self-adhesive Plastics ($52.4M), and Tractors ($40.7M). In December 2024 the top imports of Virginia were Aircraft parts for spacecraft, UAVs, and... ($316M), Computers ($261M), Commodities not elsewhere specified ($187M), Industrial Printers ($175M), and Electrical Transformers ($72.5M).

Destinations In December 2024, Virginia exported mostly to Canada ($268M), Mexico ($107M), India ($105M), China ($87.9M), and South Korea ($75.6M), and imported mostly from China ($488M), Mexico ($372M), Canada ($278M), Japan ($195M), and Germany ($188M).

Growth In December 2024, the decrease in Virginia's year-by-year exports was explained primarily by an decrease in exports to China ($-46.8M or -34.7%), Chinese Taipei ($-37.7M or -57.7%), and Canada ($-35.2M or -11.6%), and product exports decrease in Coal Briquettes ($-164M or -50.3%), Soybeans ($-138M or -69.1%), and Computers ($-20.3M or -60%). In December 2024, the increase in Virginia's year-by-year imports was explained primarily by an increase in imports from Mexico ($152M or 68.8%), Japan ($121M or 163%), and China ($79.4M or 19.4%), and product imports increase in Aircraft parts for spacecraft, UAVs, and... ($162M or 106%), Computers ($140M or 116%), and Commodities not elsewhere specified ($124M or 197%).