Virginia

Overview In January 2024 Virginia exported $1.78B and imported $2.55B, resulting in a negative trade balance of $778M. Between January 2023 and January 2024 the exports of Virginia have decreased by $-254M (-12.5%) from $2.03B to $1.78B, while imports decreased by $-535M (-17.3%) from $3.09B to $2.55B.

Trade In January 2024, the top exports of Virginia were Coal Briquettes ($325M), Soybeans ($199M), Tractors ($52M), Integrated Circuits ($49.4M), and Computers ($33.9M). In January 2024 the top imports of Virginia were Aircraft parts including unmanned craft ($154M), Computers ($121M), Industrial Printers ($121M), Other Furniture ($63.4M), and Commodities not elsewhere specified ($62.9M).

Destinations In January 2024, Virginia exported mostly to Canada ($299M), China ($135M), India ($117M), Mexico ($101M), and Brazil ($81.6M), and imported mostly from China ($409M), Canada ($234M), Mexico ($220M), Germany ($213M), and India ($115M).

Growth In January 2024, the decrease in Virginia's year-by-year exports was explained primarily by an decrease in exports to India ($-58.7M or -32.3%), Algeria ($-36.2M or -96%), and Japan ($-36.1M or -46.8%), and product exports decrease in Liquid Pumps ($-32.9M or -90.1%), Pig Meat ($-28.3M or -77.4%), and Coal Briquettes ($-20.7M or -4.55%). In January 2024, the decrease in Virginia's year-by-year imports was explained primarily by an decrease in imports from China ($-235M or -31.3%), Indonesia ($-38.5M or -40.6%), and United Kingdom ($-35M or -30.7%), and product imports decrease in Aircraft parts including unmanned craft ($-67.1M or -41.4%), Other toys ($-43.7M or -48.5%), and Iron Stovetops ($-20.7M or -70.4%).