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VA-7th District Trade with Korea Insights

Resins and synthetic fibers were the top exported good from Virginia's 7th district to Korea in 2016, totaling $19.2 million. Travel services were the top exported service, totaling $10.7 million. Total exports from Virginia's 7th district to Korea in 2016 were $43.4 million in goods and $27.8 million in services, supporting 412 local jobs. Exports from the district to Korea have generally increased since 2010.
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0% found this document useful (0 votes)
55 views2 pages

VA-7th District Trade with Korea Insights

Resins and synthetic fibers were the top exported good from Virginia's 7th district to Korea in 2016, totaling $19.2 million. Travel services were the top exported service, totaling $10.7 million. Total exports from Virginia's 7th district to Korea in 2016 were $43.4 million in goods and $27.8 million in services, supporting 412 local jobs. Exports from the district to Korea have generally increased since 2010.
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Top VA-7th Export of Goods to Korea in 2016

$25

$20 $19.2

$15
Millions

$10
$5.1
$5 $3.1 $2.4
$1.4
$0
Resins & Synthetic Pulp Paperboard Iron & Steel & Converted Paper Other Fabricated
Fibers Mill Products Ferroalloys Products Metal Products

Top VA-7th Service Exports to Korea in 2016


$12
$10.7
$10

$8
Millions

$6
$4.2
$4
$2.6
$2.0
$2 $1.4

$0
Travel Credit-Related Install, maint, & Air Freight & Port Trademarks
Services repair of equip Services

VA-7th Merchandise Exports to Korea: $43.4 million


VA-7th Service Exports to Korea: $27.8 million
VA-7th Jobs Related to Trade with Korea: 412
Number of Korean-Americans in VA-7th: 2,913
Historical Trend of Exports from VA-7th to Korea
$100

$90

$58.3
$80
$53.2
$70
$43.4
$41.9
$60 $39.3
$38.7 $38.1

$50
Millions

$40

$30

$26.3 $27.9 $26.7 $27.8


$25.3
$20 $22.9
$20.9

$10

$0
2010 2011 2012 2013 2014 2015 2016
Services Goods

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