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.

• In Virginia, 1,141,000 jobs were supported by trade, representing 21.1% of all jobs in the state.^1,2
• In 2022, 7,222 companies exported goods from Virginia of which 85% were small- and medium-sized enterprises. In 2021, 200,700 people were employed by affiliates of companies at least 50% foreign-owned.^3,4

• Virginia exported $22.4 billion in goods to foreign markets in 2023. Virginia’s largest markets were: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 2022, 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

• From 2022-2023, 19,365 international students were enrolled in Virginia colleges and universities and contributed $702 million to the Virginia economy.¹⁰

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

1. https://s3.amazonaws.com/brt.org/Business-Roundtable_TradeandAmericanJobs2022.pdf
2. https://www.businessroundtable.org/policy-perspectives/trade-international/benefits-of-trade-data
3. https://www.census.gov/foreign-trade/Press-Release/edb/edbrel2021.pdf
4. https://www.bea.gov/sites/default/files/2023-08/imne0823_0.pdf
5. https://www.trade.gov/data-visualization/state-economy-and-trade-factsheets
6. https://www.ers.usda.gov/data-products/state-fact-sheets.aspx#.U2ERwbQzqX8
7. https://www.exim.gov/customer-map/
8. https://www.mcc.gov/work-with-us/mcc-business/vehicles/
9. https://ustda.gov/ustda-success-by-state/
10. https://www.nafsa.org/policy-and-advocacy/policy-resources/nafsa-international-student-economic-value-tool-v2
11. https://www.peacecorps.gov/stories/peace-corps-announces-top-2023-volunteer-producing-states/