
West Virginia’s biggest export in 2020 was coal accounting for 31.6% of the state’s aggregated exports revenue. The state’s top 3 exports were coal, spark-ignition reciprocating piston engines and polyamides representing about half (49.2%) of the total. Those commodities suggest a relatively concentrated range of exported goods, albeit the top 3 exports within themselves are diversified.
West Virginia ranks among America’s 40 biggest exporters by state behind front-runners behind front-runners including Texas, California, New York and Louisiana. The value of West Virginia’s exports equals 0.3% of United States’ overall exported products for 2020.
Based on statistics from the US Department of Commerce’s Bureau of Economic Analysis (BEA), West Virginia’s exported products represent 6.2% of the state’s total economic output or real Gross Domestic Product in 2020 ($73.7 billion in current dollars based on BEA statistics). That percentage compares to 7.6% one year earlier.
Given West Virginia’s population of 1.781 million people, its total $4.6 billion in 2020 exports translates to roughly $2,600 for every resident in the Mountain State.
West Virginia’s unemployment rate was 5.9% at March 2021, down from 15.6% in April 2020 per YCharts.
West Virginia’s Top 10 Exports
Top 10
The following export products represent the highest dollar value in West Virginia global shipments during 2020. Also shown is the percentage share each export category represents in terms of overall exports from West Virginia.
Figures are shown at the more granular six-digit Harmonized Tariff System code level, for more precise product identification.
- Coal (non-agglomerated, bituminous) US$1.4 billion (31.6% of West Virginia’s total exports)
- Spark-ignition reciprocating piston engines: $650 million (14.2%)
- Polyamides: $157 million (3.4%)
- Miscellaneous polyethers in primary forms: $128 million (2.8%)
- Aircraft including engines, parts: $119 million (2.6%)
- Propylene copolymers: $111 million (2.4%)
- Aluminum plates: $103 million (2.3%)
- Saturated polyesters: $75 million (1.6%)
- Polyacetals: $67 million (1.5%)
- Supported catalysts with precious metal content: $63 million (1.4%)
West Virginia’s top 10 exports accounted for 63.8% of the overall value of the state’s global shipments.
Supported catalysts with precious metal content represent the fastest grower among West Virginia’s top 10 export categories, up by 8.6% from 2019 to 2020. In second place for improving export sales were polyacetals which appreciated 3.1%. The other two gainers were miscellaneous polyethers in primary forms (up 2.4%) and spark-ignition reciprocating piston engines (up 0.9%).
The severest decliners year over year among West Virginia’s top 10 export products were aluminum plates (down -38.7%), non-agglomerated, bituminous coal (down -36.1%) and aircraft including engines and other parts (down -24.7%).
More Key Facts
West Virginia earned an overall $1.7 billion surplus exporting and importing products during 2020. That dollar amount reflects a -31.7% year-over-year reduction from $2.4 billion in black ink in 2019.
Another way of saying surplus or deficit is positive or negative net exports. In a nutshell, the term “net exports” quantifies the amount by which foreign spending on a state’s goods or services exceeds or lags that same state’s spending on foreign goods or services.
Below are West Virginia’s top 10 import products highlighting the state’s highest spending on foreign-made goods in 2020.
- Turbo-jets (higher-thrust): $195 million (6.7% of West Virginia’s total imports)
- Turbo-jet parts: $157 million (5.4%)
- Microtomes: $70 million (2.4%)
- Motor vehicle transmissions: $69 million (2.4%)
- Electric motor or generator parts: $68 million (2.3%)
- Spark-ignition internal combustion engines: $64 million (2.2%)
- Miscellaneous motor vehicle parts: $59 million (2%)
- Turbo-jets (lower-thrust): $57 million (1.9%)
- Refined copper wire: $56 million (1.9%)
- Aluminum alloys (unwrought): $55 million (1.9%)
West Virginia has highly positive net exports in the international trade of coal and large spark-ignition engines. In turn, these cashflows indicate West Virginia’s competitive advantages under those product categories.
Partners
The following list shows the top 10 customers that purchased almost four-fifths (79.1%) worth of the total value of products exported from West Virginia during 2020.
- Canada: $1.3 billion (28.1% of West Virginia’s total exports)
- India: $425 million (9.3%)
- China: $397 million (8.7%)
- Ukraine: $329 million (7.2%)
- Netherlands: $241 million (5.3%)
- Brazil: $209 million (4.6%)
- Japan: $206 million (4.5%)
- Belgium: $191 million (4.2%)
- South Korea: $170 million (3.7%)
- Germany: $160 million (3.5%)
West Virginia’s top trade partners in North America (Canada, Mexico) consumed 30.5% of West Virgina’s exports in 2020, compared to 26.2% in Asia (India, China, Japan, South Korea).
Companies
West Virginia Export Companies
Not one West Virginia-based corporation ranks among Fortune 1000 Companies, a list that showcases America’s largest businesses.
According to Zippia, below are examples of larger companies based in West Virginia.
- WesBanco (bank holding company)
- Royal Vendors (vending machines)
- Woodcraft (woodworking tools, other supplies)
- Homer Laughlin China (dinnerware)
- Superior Fibers, LLC (heating/air conditioning/filtration products)
- Allegheny Wood Products (hardwood/lumber goods)
Shown within brackets for each company is a summary of the products or services which each business sells, some of which are international trade-related.
West Virginia’s capital is Charleston, a city nicknamed “Charlie West”.
See also America’s Top 20 Export States, United States Top 10 Exports and Top United States Trade Balances
Research Sources:
Department of Numbers, West Virginia GDP (dollars shown in real terms). Accessed on April 23, 2021
FlagPictures.org, Flags of US States. Accessed on April 23, 2021
Forbes, 2017 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on April 23, 2021
GeoLounge, Fortune 1000 Companies List for 2017 , Fortune 1000 by State and Place. Accessed on April 23, 2021
International Trade Centre, Trade Map. Accessed on April 23, 2021
Investopedia, Net Exports Definition. Accessed on April 23, 2021
State Symbols USA, State Nicknames. Accessed on April 23, 2021
United States Census Bureau, Foreign Trade (State by 6-Digit HS Code). Accessed on April 23, 2021
United States Census Bureau, QuickFacts: West Virginia. Accessed on April 23, 2021
Wikipedia, Category:Companies based in West Virginia. Accessed on April 23, 2021
Wikipedia, List of U.S. states and territories by GDP. Accessed on April 23, 2021
Wikipedia, West Virginia. Accessed on April 23, 2021
World’s Capital Cities, Capital Facts for Charleston, United States. Accessed on April 23, 2021
YCharts, Regional and State Employment and Unemployment Report. Accessed on April 23, 2021
Zippia, These are the 100 largest companies in West Virginia. Accessed on April 23, 2021