Virginia International Gateway, Portsmouth
New Study Highlights the Impact of Virginia Exports
A recent Chamber study on the economic impact of Virginia exports highlighted how international trade is an important and growing part of Virginia's economy.
In fact, between 2012 and 2022, the growth in Virginia’s exports significantly outpaced the national average (55 percent in Virginia vs. 39 percent nationally). In that same time period, the growth in Virginia’s exports outpaced the state’s overall growth in GDP (55 percent growth in exports vs. 48 percent growth in GDP), which means that exports not only expanded the state’s economy, but they also caused it to grow at a faster rate than would otherwise have been the case.
