2022
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GDP
$409BCURRENT US$
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2012-2022
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GDP GROWTH
109%CURRENT US$
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2022
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 GDP
$4.23TCURRENT US$
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2012-2022
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GDP GROWTH
-32.5%CURRENT US$
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2022
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GDP PC 
$4,164CURRENT US$
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2012-2022
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GDP PC GROWTH
90.1%CURRENT US$
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2022
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GDP PC
$33,815CURRENT US$
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2012-2022
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GDP PC GROWTH
-31.2%CURRENT US$
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About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $25B in 2022.

In 2017, 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 2022 to $17.9B in 2017.

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

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

Latest Data

Trade between Vietnam (Flag) and Japan (Flag)

Japan Exports

Market Competitiveness

Color
Vietnam
Top Destination
United States$117B
Japan
Top Destination
United States$137B

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

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

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

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

Comparative Advantage Vietnam - Japan

Flow
Scale

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

During 2022, Vietnam had a large net trade with Japan in the exports of Machines ($7.41B), Textiles ($4.72B), and Miscellaneous ($1.74B).

During 2017, Japan had a large net trade with Vietnam in the exports of Machines ($7.38B), Metals ($3.19B), and Plastics and Rubbers ($1.52B).

Potential Exports

Potential Exports

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

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 Vietnam and Japan. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Japan. Similarly, a dot/product with the flag of Japan indicates it has a comparative advantage over Vietnam.

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

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