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2023
Flag → Flag
Exports $16BRnk 12 / 211
2023
Flag → Flag
Top Product $3.03BIntegrated Circuits
2023
Flag → Flag
Exports $25.1BRnk 3 / 142
2023
Flag → Flag
Top Product $2.51BInsulated Wire
2023
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
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GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
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GDP PC$4,282CURRENT US$
Rnk 128 / 196
2013-2023
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GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

Japan-Vietnam Trade: In 2023, Japan exported $16B to Vietnam. The main products that Japan exported to Vietnam were Integrated Circuits ($3.03B), Hot-Rolled Iron ($679M), and Scrap Iron ($640M). Over the past 5 years the exports of Japan to Vietnam have decreased at an annualized rate of 2.28%, from $17.9B in 2018 to $16B in 2023.

In 2023, Japan did not export any services to Vietnam.

Vietnam-Japan Trade: In 2023, Vietnam exported $25.1B to Japan. The main products that Vietnam exported to Japan were Insulated Wire ($2.51B), Broadcasting Equipment ($1.84B), and Fuel Wood ($1.28B). Over the past 5 years the exports of Vietnam to Japan have increased at an annualized rate of 3.82%,  from $20.8B in 2018 to $25.1B in 2023.

In 2023, Vietnam did not export any services to Japan.

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). That same year, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Latest Trends

November, 2024

About

Overview In November 2024, Japan exported ¥219B and imported ¥334B from Vietnam, resulting in a negative trade balance of ¥115B. Between November 2023 and November 2024 the exports of Japan have decreased by ¥-25.6B (-10.5%) from ¥245B to ¥219B, while imports increased by ¥5.25B (1.59%) from ¥329B to ¥334B.

Trade In November 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 November 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 November 2024 the exports of Japan were mainly from Osaka (¥29.6B), Hyōgo (¥28.7B), Aichi (¥27.1B), Fukuoka (¥25.7B), and Chiba (¥23.1B), while imports destinations were mainly Tokyo (¥81.5B), Aichi (¥52.5B), Osaka (¥44.8B), Chiba (¥39.3B), and Kanagawa (¥32B).

Growth In November 2024, the decrease in Japan's year-by-year exports to Vietnam was explained primarily by an decrease in product exports in Vinyl Chloride Polymers (¥-992M or -59.2%), Hot-Rolled Iron (¥-953M or -13.7%), and Cold-Rolled Iron (¥-943M or -49.9%). In November 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 (November 2023 - November 2024)¥-25.6B(-10.5%)
IMPORT GROWTH (November 2023 - November 2024)¥5.25B(1.59%)
MAIN EXPORTER (November 2024)Osaka¥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 2023, Japan exported $16B to Vietnam. The main products exported from Japan to Vietnam were Integrated Circuits ($3.03B), Hot-Rolled Iron ($679M), and Scrap Iron ($640M). During the last 5 years the exports of Japan to Vietnam have decreased at an annualized rate of 2.28%, from $17.9B in 2018 to $16B in 2023.

In 2018, Vietnam exported $25.1B to Japan. The main products exported from Vietnam to Japan were Insulated Wire ($2.51B), Broadcasting Equipment ($1.84B), and Fuel Wood ($1.28B). During the last 5 years the exports of Vietnam to Japan have increased at an annualized rate of 3.82%, from $20.8B in 2023 to $25.1B in 2018.

Exports from Japan (Flag) to Vietnam (Flag) (2023)

Exports from Vietnam (Flag) to Japan (Flag) (2023)

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Vietnam
Top DestinationUnited States$118B

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 2023, countries that imported more from Japan than Vietnam included China ($138B), South Korea ($42.7B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Vietnam than Japan included Slovakia ($4.62B), Cambodia ($3.61B), and Armenia ($815M).

Difference in imports from Vietnam (Flag) and Japan (Flag) (2023)

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 2023, Japan had a large net trade with Vietnam in the exports of Machines ($7.01B), Metals ($2.71B), and Plastics and Rubbers ($1.27B).

During 2018, Vietnam had a large net trade with Japan in the exports of Machines ($8.59B), Textiles ($5.05B), and Miscellaneous ($1.71B).

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) (2023)

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