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2022
Flag → Flag
Exports $17.9BRnk 9 / 211
2022
Flag → Flag
Top Product $2.53BIntegrated Circuits
2022
Flag → Flag
Exports $25BRnk 4 / 152
2022
Flag → Flag
Top Product $2.17BInsulated Wire
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
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GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
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GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
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GDP PC$4,164CURRENT US$
Rnk 120 / 186
2012-2022
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GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Japan-Vietnam Trade: In 2022, Japan exported $17.9B to Vietnam. The main products that Japan exported to Vietnam were Integrated Circuits ($2.53B), Hot-Rolled Iron ($736M), and Scrap Iron ($587M). Over the past 5 years the exports of Japan to Vietnam have increased at an annualized rate of 2.32%, from $16B in 2017 to $17.9B in 2022.

In 2022, Japan did not export any services to Vietnam.

Vietnam-Japan Trade: In 2022, Vietnam exported $25B to Japan. The main products that Vietnam exported to Japan were Insulated Wire ($2.17B), Broadcasting Equipment ($1.4B), and Fuel Wood ($1.18B). Over the past 5 years the exports of Vietnam to Japan have increased at an annualized rate of 7.03%,  from $17.8B in 2017 to $25B in 2022.

In 2022, Vietnam did not export any services to Japan.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Latest Trends

July, 2024

About

Overview In July 2024, Japan exported ¥220B and imported ¥402B from Vietnam, resulting in a negative trade balance of ¥181B. Between July 2023 and July 2024 the exports of Japan have increased by ¥19B (9.46%) from ¥201B to ¥220B, while imports increased by ¥103B (34.4%) from ¥299B to ¥402B.

Trade In July 2024, the top exports of Japan to Vietnam were Integrated Circuits (¥25B), Commodities not elsewhere specified (¥11.9B), Scrap Iron (¥6.61B), Hot-Rolled Iron (¥6.01B), and Cranes (¥3.41B). In July 2024 the top imports of Japan from Vietnam were Insulated Wire (¥32.6B), Fuel Wood (¥19.8B), Telephones (¥17.1B), Textile Footwear (¥9.01B), and Knit Sweaters (¥8.68B).

Origins In July 2024 the exports of Japan were mainly from Hyōgo (¥29.6B), Fukuoka (¥29.6B), Osaka (¥27.8B), Aichi (¥26.3B), and Chiba (¥25.9B), while imports destinations were mainly Tokyo (¥103B), Chiba (¥62.3B), Aichi (¥58.4B), Osaka (¥49.2B), and Kanagawa (¥34.5B).

Growth In July 2024, the increase in Japan's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Integrated Circuits (¥8.02B or 47.2%), Scrap Iron (¥4.87B or 279%), and Cranes (¥3.24B or 1.92k%). In July 2024, the increase in Japan's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Fuel Wood (¥8.58B or 76.6%), Insulated Wire (¥4.39B or 15.6%), and Knit T-shirts (¥3.86B or 106%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)¥19B(9.46%)
IMPORT GROWTH (July 2023 - July 2024)¥103B(34.4%)
MAIN EXPORTER (July 2024)Hyōgo¥29.6B

This section shows exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Japan over time.

To check Vietnam and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $17.9B to Vietnam. The main products exported from Japan to Vietnam were Integrated Circuits ($2.53B), Hot-Rolled Iron ($736M), and Scrap Iron ($587M). During the last 5 years the exports of Japan to Vietnam have increased at an annualized rate of 2.32%, from $16B in 2017 to $17.9B in 2022.

In 2017, Vietnam exported $25B to Japan. The main products exported from Vietnam to Japan were Insulated Wire ($2.17B), Broadcasting Equipment ($1.4B), and Fuel Wood ($1.18B). During the last 5 years the exports of Vietnam to Japan have increased at an annualized rate of 7.03%, from $17.8B in 2022 to $25B in 2017.

Exports from Japan (Flag) to Vietnam (Flag) (2022)

Exports from Vietnam (Flag) to Japan (Flag) (2022)

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Vietnam
Top DestinationUnited States$117B

This map shows whether countries import more from Japan or Vietnam. Each country is colored based on the difference in imports they receive from Japan and Vietnam or the difference in the growth in imports.

In 2022, countries that imported more from Japan than Vietnam included China ($135B), Chinese Taipei ($50.1B), and South Korea ($50.8B).

In 2022, countries that imported more from Vietnam than Japan included Cambodia ($5.74B), Slovakia ($2.14B), and Austria ($2.66B).

Difference in imports from Vietnam (Flag) and Japan (Flag) (2022)

Comparative Advantage Japan - Vietnam

Flow
Scale

This chart compares trade between Japan and Vietnam by product, considering products traded by both, Japan and Vietnam.

During 2022, Japan had a large net trade with Vietnam in the exports of Machines ($7.38B), Metals ($3.19B), and Plastics and Rubbers ($1.52B).

During 2017, Vietnam had a large net trade with Japan in the exports of Machines ($7.41B), Textiles ($4.72B), and Miscellaneous ($1.74B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Vietnam+$167MCars
Top Product Potential Vietnam Japan+$838MTelephones

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Japan and Vietnam. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Vietnam. Similarly, a dot/product with the flag of Vietnam indicates it has a comparative advantage over Japan.

Product Space of Japan (Flag) and Vietnam (Flag) (2022)

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