Virginia-based companies depend on exporting their goods around the world. More than 7,000 Virginia companies supporting 1.1 million jobs exported $22.4 billion worth of goods in 2023. American innovation and quality are in demand around the world, and Virginia is poised to meet that demand in both manufacturing and services.

Job Creation

  • In Virginia, 1,141,000 jobs were supported by international trade in 2019, representing 21.1% of all jobs in the state.1,2
  • In 2020, 7,222 companies exported goods from Virginia of which 85% were small- and medium-sized enterprises. In 2018, 200,700 people were employed by affiliates of companies at least 50% foreign-owned.3,4

Exports and Growth

  • Virginia exported $20.1 billion in goods to foreign markets in 2021, an 23% increase compared to 2020 driven by continued economic recovery from the impact of the COVID-19 pandemic on the global economy.5
    • Canada ($3.6 billion)
    • China ($2.0 billion)
    • India ($1.8 billion)
    • Mexico ($1.2 billion)
    • Netherlands ($1.0 billion)
  • Agricultural exports are important to Virginia's' economy, totaling $1.5 billion in 2020, according to the USDA.6
  • Since 2014, the U.S. Export-Import Bank has financed $1 billion in exports from 85 companies in Virginia.7
  • Since 1992, the U.S. Trade and Development Agency has helped facilitate $255 million in exports from Virginia companies.9

Education and Research

  • During 2020, 19,365 international students were enrolled in Virginia colleges and universities and contributed $702 million to the Virginia economy.10

Global Engagement

  • Since 1961, 8,281 Peace Corps volunteers from Virginia have served in dozens of countries overseas.11