More International Trade news More news in Virginia Find International Trade lawyers in Virginia
On January 26, 2026, Virginia officials announced that the state's international trade had seen a record-breaking year in terms of growth and revenue. According to the Virginia Economic Development Partnership (VEDP), the state recorded a 15% increase in exports, totaling $45 billion in goods and services.The surge in international trade was attributed to various factors, including the state's strategic location on the East Coast, well-established infrastructure, and a diversified economy. Virginia's top export markets included Canada, Mexico, China, and the United Kingdom, with agricultural products, machinery, and electronics leading the way in terms of goods exported.Governor Terry McAuliffe praised the state's business community for their efforts in expanding international trade opportunities, stating, "Virginia continues to be a leader in global commerce, and this record growth is a testament to the hard work and ingenuity of our businesses. Our state's economy is thriving, and we look forward to further strengthening our ties with international partners."The VEDP also highlighted the impact of the state's trade missions and partnerships with foreign governments and organizations in driving growth. The agency noted that these efforts had helped Virginia businesses access new markets, establish relationships with potential buyers, and navigate trade regulations more effectively.In addition to the increase in exports, Virginia also saw a rise in foreign direct investment (FDI) during the same period, with companies from around the world choosing to establish operations in the state. This influx of FDI was seen as a vote of confidence in Virginia's business climate and potential for growth.Looking ahead, state officials expressed optimism about the future of Virginia's international trade, citing ongoing efforts to attract new businesses, expand export opportunities, and strengthen relationships with key trading partners. With a solid foundation in place, Virginia is poised to continue its upward trajectory in the global marketplace.