Total trade between Vietnam and Japan hit US$11.41 billion in the first four months of this year, a -year-on-year rise of 13.2%, including US$5.75 billion from Vietnam’s exports to Japan (up 14.5%) and US$5.66 billion from its imports (up 11.9%).
According to the General Department of Vietnam Customs, Japan has been in top four of more than 200 trading partners of Vietnam over the years.
In 2017, two-way trade turnover increased 13.8% to US$33.84 billion against the previous year with Vietnam’s exports of US$16.86 billion, making up 7.8% of the country’s total exports. Key export products to Japan include garment, means of transport, machines, equipment, tools and spare parts, seafood, wood and timber products.
Meanwhile, Japanese businesses shipped US$16.98 billion worth of products to Vietnam (up 12.7%), accounting for 8% of Vietnam’s total imports last year.