Clinton/Gore '96

State by State Information

Virginia



OPENING NEW MARKETS
TO CREATE JOBS FOR U.S. WORKERS


export graph jobs graph

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Virginia recorded goods exports totaling $11.0 billion in 1995, up 26 percent ($2.3 billion) from 1993. During 1995, Virginia was the 16th largest state exporter of goods.
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Virginia’s jobs supported by goods exports grew an estimated 15 percent (17,822 jobs) since 1993. Export-related jobs pay 13 to 16 percent higher than the national average.
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In 1991, the latest year available, Virginia’s exports accounted for 17.2 percent of its manufacturing output and represented 14.0 percent of its total manufacturing employment.
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Virginia’s exports of manufactured products were up by 28 percent between 1993 and 1995 (from $7.6 billion in 1993 to $9.8 billion in 1995).
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The five largest manufacturing sectors in terms of Virginia’s exports were: Tobacco Manufactures ($3.2 billion of exports in 1995), Industrial Machinery and Computers ($1.2 billion), Transportation Equipment ($1.1 billion), Chemical Products ($962.1 million), and Electronic and Electric Equipment ($707.1 million). These five sectors accounted for over 66 percent of the state’s total exports in 1995.
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Among Virginia’s fastest growing manufactured exports (in millions) were:
Sector 19931995Change
Chemical Products$590.0$962.163%
Industrial Machinery and Computers$882.9$1.236%
Tobacco Manufacturers$2,548.0$3,240.227%
Electronic and Electric Equipment$593.9$707.119%

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Virginia is the country’s 33rd largest agricultural exporting state, shipping $310 million in agricultural exports abroad in 1994 (latest year available for Department of Agriculture state export data). The largest export categories, tobacco and poultry, accounted for nearly 50 percent of Virginia’s agricultural exports in 1994. Given the 22 percent increase in total U.S. agriculture exports in 1995, agriculture exports from Virginia in 1995 will likely range between $350 million and $400 million.
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Total exports from Virginia to NAFTA countries increased by 18 percent between 1993 (pre-NAFTA) and 1995 (from $1.7 billion in 1993 to $1.9 billion in 1995). During 1995, Canada was Virginia’s largest export market, while Mexico was Virginia’s sixth largest export market. Exports to Canada were up by 17 percent ($261 million), from $1.3 billion in 1993 to $1.6 billion in 1995. Virginia’s exports to Mexico were up by 9 percent ($31.5 million), from $329.2 million in 1993 to $360.7 million in 1995.
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During 1995, Japan was Virginia’s third largest export market. Total exports from Virginia to Japan were up 2 percent ($29.8 million), from $1.24 billion in 1993 to $1.27 billion in 1995.
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Total exports from Virginia to the European Union were up 47 percent ($1.1 billion), from $2.3 billion in 1993 to $3.4 billion in 1995.




Paid for by Clinton/Gore ’96 General Committee, Inc.