Virginia officials went on a trade mission to Asia last year to promote agricultural goods abroad.
Virginia's agriculture industry is extending its reach into Chinese markets.
China is already the leading market for the commonwealth's agricultural exports, buying approximately $638 million of farm and forest product in 2012.
Gov. Bob McDonnell says a Chinese company plans to buy 8 million bushels of soybeans from Perdue Agribusiness over the next year.
McDonnell says the agreement is the result of meetings during a trade and marketing mission to Asia last spring.
Virginia will also be sending native oysters to Hong Kong. The Department of Agriculture and Consumer Services says two Virginia shellfish growers will appear at the Asian Seafood Expo in September.
Agricultural officials say the deal could open up new business opportunities throughout Asia.
Virginia's shellfish industry sold $9.5 million in oysters in 2012. That's an increase of $3 million from 2011.