Vietnam-Japan trade hits more than 20 billion USD

Tuesday, 12/07/2022 13:00
Vietnam’s total export turnover to Japan reached 11.38 billion USD in the first six months of 2022, up nearly 13% over the same period last year.
 Vietnamese lychees on sale at a supermarket in Japan. (Photo: baodautu.vn)

Currently, import-export turnover between Vietnam and Japan ranks fourth, after partners China, the United States and the Republic of Korea (RoK).

According to the latest information of the General Department of Customs, in the first 6 months of 2022, Vietnam’s export turnover to Japan totalled 11.38 billion USD, up nearly 13% over the same period last year, equivalent to 1.3 billion USD. Vietnam’s export goods are quite diverse, from agricultural products to processing and manufacturing goods.

During the period, 3 groups of export goods with the value of more than 1 billion USD include: textiles and garments, with nearly 1.67 billion USD; machinery, equipment, tools and spare parts, 1.364 billion USD; and means of transport and spare parts, 1.2 billion USD.

In addition, many commodity groups have turnover of hundreds of millions of USD, such as: seafood (800 million USD); computers, electronic products and components (603.7 million USD); phones and components (538.7 million USD); footwear (495.8 million USD); and plastic products (386 million USD).

Meanwhile, imports from Japan in the six months of the year reached 12 billion USD, up 10.6% year on year, equivalent to an increase in turnover of 1.15 billion USD.

Similar to exports, during the period , 3 groups of imported goods hadwith turnover of more than 1 billion USD, including: computers, electronic products and components, with more than 3.5 billion USD; machinery, equipment, tools and spare parts, 2.14 billion USD; and iron and steel, more than 1 billion USD.

In 2021, bilateral trade between the two countries reached 43 billion USD, of which Vietnam’s exports were valued at 20.13 billion USD and imports were worth 22.8 billion USD./.

 

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