Virginia Product Exports

Virginia Product Exports, 2014

Virginia Total Exports, 2014

Total Exports

Virginia’s total value of products and services exported was valued at $35.3 billion in 2014.

In 2014, the total value of Virginia exports of products was $19.2 billion, which included manufactured products, mineral fuels, and agricultural products.

Virginia exported products to 224 coun-tries in 2014.

In 2012 (the latest available), Virginia’s services exports were valued at $16.1 billion: top services exports include business, financial and telecom services.

Virginia Product Exports

In 2014, Virginia exported $15.1 billion in manufactured products, which accounted for 78% of Virginia’s total product exports.

Agricultural products accounted for $3.0 billion from the state in 2014, representing 16% of total product exports.

In 2014, mineral fuel (coal and petroleum products) exports reached $1.1 billion, which represented 6% of Virginia’s total product exports.

In US$ billions (Global Trade Atlas)

In US$ billions (Global Trade Atlas)

International Inquiries: (804) 545-5758 P.O. Box 798, 901 East Byrd Street, Richmond, VA 23218-0798 ExportVirginia.org

$4.9 billion North America

$275 million Central America

$1.1 billion South America

$3.8 billion Western Europe

$1.6 billion Eastern Europe

$2.1 billion

Africa

$412 million Middle East

$4.4 billion Asia Pacific

$540 million Caribbean

(This data does not include service exports.)

Impact of Free Trade Agreements

In 2014, Virginia product exports to free trade agreement (FTA) countries totaled over $7.2 billion.

With slightly more than 26% of product exports going to 20 countries, the impact of free trade agreements on the state of Virginia is evident.

For the 18th consecutive year, Canada was the number one export destination for Virginia products. Canada and Mexico accounted for over 25% of all product exports in 2014.

Virginia companies exported slightly more than $1.1 billion in products to Colombia, South Korea, and Singapore, an increase of 6.9% over 2013.

Virginia Product Exports by Region

International Inquiries: (804) 545-5758 P.O. Box 798, 901 East Byrd Street, Richmond, VA 23218-0798 ExportVirginia.org

Virginia Economic Development Partnership - International Trade increases international business for Virginia companies, year after year. Programs include international market selection via VEDP’s Global Network, the award-winning VALET Program, in-country trade missions, export training seminars, etc.

For more information, please visit our website: ExportVirginia.org

Last Revised: April 9, 2015

Information provided by VEDP Fast Facts is intended as advice and guidance only. The information is in no way exhaustive and the VEDP is not a licensed broker, banker, shipper or customs agency. VEDP shall not be liable for any damages or costs of any type arising out of, or in any way connected with the use of these Fast Facts.

Additional Resources

Global Trade Atlas Global Trade Information Services, Inc.

Benefits of International Trade Office of the United States Trade Representative

National Export Initiative Office of the United States Trade Representative

International Trade Statistics U.S. Department of Commerce

Free Trade Agreements Overview U.S. Department of Commerce

Notes:

The product export data in this report does not contain service export values.

Service export values are sourced from Brookings.

All product export information is sourced from Global Trade Atlas data which comes from the U.S. De-partment of Commerce’s “Origin of Movement” set of state exports. The Origin of Movement of a prod-uct is not always the same as its place of production, since products from one state can be consolidated for export in another state. For more information on the State Data Series, please visit the U.S. Census Bureau - Foreign Trade Statistics.