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  • The import export turnover between Viet Nam – Japan 2019
 

The import export turnover between Viet Nam – Japan 2019

by hptoancau / Wednesday, 08 April 2020 / Published in Vietnam - Japan

According to the statistics of the General Department of Vietnam Customs, the import and export of goods between Vietnam and Japan has always achieved a high growth rate, an average annual growth of 13.9% in recent years. The total import-export turnover between the two countries in 2018 reached USD 37.9 billion, USD 33.4 billion, up 13.5% compared to 2017; in which exports to Japan in 2018 reached USD 18.85 billion, up 12.5% compared to 2017. The trade balance between Vietnam and Japan is always in a relatively balanced state.

 

The import export turnover between Viet Nam – Japan

Unit: USD billion

Year 2014 2015 2016 2017 2018
Import 14.69 14.13 14.67 16.86 18.85
Export 12.93 14.36 15.06 16.98 19.01
Turnover 27.62 28.49 29.73 33.84 37.86
Balance of trade 1.76 -0.23 -0.39 -0.12 -0.16

According to statistics of the General Department of Vietnam Customs, import of goods from Japan in the first 9 months of 2019 reached over USD 14.18 billion, up 2.3% over the same period in 2018.

In particular, September 2019 reached USD 1.79 billion, up 0.9% compared to the previous month and also increased by 14.2% compared to September 2018.

Export of goods to Japan in the first 9 months reached USD 14.98 billion, up 9.1% over the same period in 2018. So, Vietnam had a trade surplus to this market of USD 799.39 million. (In the first 9 months of 2018, Vietnam recorded a trade deficit of USD 142.01 million).

There are 3 groups of products imported from Japan valued at over USD billion: machinery, equipment, tools and spare parts; computers, electronic products and components; iron and steel.

According to statistics of the General Department of Vietnam Customs, the total import turnover of Vietnam’s goods from the Japanese market in 2019 reached USD 19.52 billion, up 2.71% compared to last year.

7 groups of imported goods achieved turnover of over 500 million dollars and less than 1 billion dollars: Plastic products; fabrics of all kinds; automobile components and spare parts; iron and steel scrap; Products from iron and steel; Chemical products; Plastic materials.

Unit: USD

Commodity 12/2019 Compared to 11/2019 (%) 2019 Compared to 2018 (%) Propotion
Import   1,759,187,659             6.79  19,525,519,621 2.71 100.00
Machinery, equipment, tools and other spare parts      408,745,554             5.48    4,694,529,337 5.91 24.04
Computers, electronic products and components      418,519,303             8.81    4,488,975,333 10.63 22.99
Iron, Steel      117,719,335           17.98    1,358,341,896 -14.57 6.96
Products from plastic        69,041,813             0.12        841,318,689 -2.12 4.31
Fabric        74,625,924             2.00        820,103,221 8.99 4.20
Car components, spare parts        56,850,693           26.28        721,600,030 -7.72 3.70
Iron and steel scrap        72,302,900           38.81        701,869,091 21.61 3.59
Products from iron and steel        45,851,660             3.09        568,268,042 -1.76 2.91
Chemical products        49,607,948             4.62        527,831,245 10.99 2.70
Plastic materials        46,662,146           14.08        503,112,975 2.55 2.58
Chemistry        33,836,866         (17.91)        409,023,318 4.44 2.09
Other common metals        25,762,146           (1.13)        349,540,497 -32.69 1.79
Textile, garment, leather and footwear materials        28,313,642             8.28        300,224,795 3.64 1.54
Phones and components        17,905,976         (14.06)        254,862,002 -27.97 1.31
Paper        19,598,551             2.11        219,345,400 -12.51 1.12
Other means of transport and spare parts        22,791,132         (16.25)        176,889,570 11.41 0.91
Glass and glass products        19,700,988             3.89        166,028,007 18.17 0.85
Car        11,803,371         (26.59)        162,015,429 77.54 0.83
Rubber        13,518,617             3.58        158,330,976 14.54 0.81
Cameras, camcorders and components        16,216,171           56.47        154,629,689 -39.58 0.79
Products from rubber        12,611,190           (3.90)        146,835,539 -4.45 0.75
Seafood        17,050,316           37.27        139,189,872 28.36 0.71
Wires and cables          9,624,387         (14.58)        134,428,644 -5.76 0.69
Products from common metals          7,482,597             0.53        108,879,162 14.69 0.56
Fibers and yarns of all kinds          4,661,041         (23.28)          68,137,289 -14.49 0.35
Products from paper          8,212,112           54.07          58,416,336 11.24 0.30
Medicine          6,365,907           (0.43)          56,122,794 -10.28 0.29
Milk and milk products          2,984,571         (44.62)          47,770,208 44.07 0.24
Coal of all kinds        13,667,827           54.33          45,805,261 288.85 0.23
Precious stones, precious metals and products          5,391,286           28.45          44,536,731 27.67 0.23
Aromatic substances, cosmetics and toilet preparations          3,145,561             2.57          41,721,171 18.12 0.21
Products from petroleum          2,578,604           24.08          30,669,123 -23.99 0.16
Pesticides and raw materials          1,706,279           65.47          30,487,316 -2.79 0.16
Other food preparations          2,716,007           10.98          26,879,116 11.96 0.14
Fertilizers          3,022,596           34.92          26,307,855 3.76 0.13
Electrical appliances and components          1,592,590             5.54          18,331,169 15.31 0.09
Gasoline of all kinds                     438           61.47            9,381,570 0.05
Wood and wood products              710,213         (16.50)            8,186,046 -10.76 0.04
Ores and other minerals              694,087             4.15            5,791,718 -27.50 0.03
Animal feed and raw materials              115,396         (23.55)            1,934,671 -48.78 0.01
Other goods        85,042,371           (4.92)        898,868,489 4.60

Source: VITIC

Goods imported from Japan market in 2019

(Calculated from figures published on January 13, 2020 of GDC)

 

According to the statistics of the General Department of Vietnam Customs, the textile and garment group accounted for the highest market share of 20.92% to reach USD 3.62 billion in the total export turnover of USD 18.55 billion to Japan market in the 11 months of the year.

In general, in the first half of 2019, Vietnam’s export of goods to the Japanese market grew, the number of these commodity groups accounted for 69% and vice versa accounted for 30.9% of which coal dropped the most by 67.14%. in volume and 61.62% of the value, corresponding to 148.8 thousand tons, worth USD 22.34 million, although the average export price increased by 16.82% to USD 150.14/ton.

Commodity Before Dec, 01 st 2019 Compared to the same period 2018 (%)
Quantity (tons) Value (USD) Quantity Value
Total   18,557,020,759               7.27
Seafood      1,350,546,028               6.32
Vegertable         112,414,441             14.39
Cashew             3,385           24,503,089               6.75           (16.28)
Coffee           86,253         147,725,767           (12.35)           (23.71)
Pepper             2,988             6,788,381               1.88           (50.79)
Cassava and its products             6,902             1,798,108           (66.05)           (64.47)
Confectionery and cereal products           45,374,988             10.44
Animal feed and raw materials           32,740,151             18.68
Ores and other minerals           53,393           16,057,469             24.17               6.27
Coal of all kinds         463,121           64,091,371           (46.45)           (44.14)
Oil         483,070         252,022,575             38.59             30.83
Chemistry         342,986,178               3.90
Chemical products         147,752,833             42.65
Fertilizers           10,309             4,343,056             20.01             48.10
Plastic material           68,477           76,273,869           227.03           164.35
Products from plastic         670,581,096               9.20
Rubber           10,296           16,103,839             (7.26)             (8.49)
Products from Rubber         128,793,339               6.42
Bags, wallets, suitcases, umbrellas         371,077,147               9.67
Rattan, bamboo, rush and carpet products           62,438,056               6.30
Wood and wood products      1,204,965,508             15.72
Paper and paper products           70,929,674             (7.57)
Fibers and yarns of all kinds           26,149           77,517,428             30.49               9.32
Textiles      3,623,466,735               4.05
Fabric blinds, other technical fabrics           33,400,522               8.76
Footwear         880,881,148             14.78
Textile, garment, leather and footwear materials         115,981,027               1.93
Ceramic products           66,561,368             (9.27)
Glass and glass products           92,860,771             11.99
Precious stones, precious metals and products           57,684,036               0.55
Iron, steel         192,527         109,471,157             95.71             52.39
Products from iron and steel         440,928,523             11.85
Other common metals and products         228,226,715               6.27
Computers, electronic products and components         937,874,854             25.92
Phone and components         753,383,077             (1.24)
Cameras, camcorders and components         117,817,055             13.81
Machinery, equipment and other spare tools      1,756,779,167               3.97
Wires and cables         277,491,509             (9.46)
Means of transport and spare parts      2,372,099,735               4.77
Toys, sports equipment and parts         293,027,574               4.24
Other goods      1,171,261,393

Source: VITIC

Goods exported to Japan in the first 11 months of 2019

(* Calculation of figures from GDC)

Tagged under: The import export turnover between Viet Nam – Japan

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