Top 10 Export Markets for Virginia’s Maritime Industry
In partnership with Old Dominion University, this report presents overviews of the top 10 markets for maritime defense exports by Virginia defense contractors.
Top 10 Export Markets for Virginia’s Maritime Industry:
|1||Japan||View Summary||Download Report|
|2||Australia||View Summary||Download Report|
|3||United Kingdom||View Summary||Download Report|
|4||South Korea||View Summary||Download Report|
|5||Israel||View Summary||Download Report|
|6||India||View Summary||Download Report|
|7||Turkey||View Summary||Download Report|
|8||United Arab Emirates (UAE)||View Summary||Download Report|
|9||Mexico||View Summary||Download Report|
|10||South Africa||View Summary||Download Report|
An abundance of export opportunities exists for maritime companies, in both products (sensors and chemical detection devices) and services (systems engineering and information technology services). These market openings have been augmented by the need for numerous countries to counteract the increasing frequency of piracy in critical commercial lanes around the world.
The U.S. military is shifting its maritime activities focus to the Pacific Rim. Ship conversions and deactivations, privatized naval and port security, unmanned underwater vehicles, and anti-piracy activities are projected areas of business opportunities for Virginia maritime companies. Each of the markets listed above offer the best opportunities to exporters from Virginia.