Vietnam (VNM) and Japan (JPN) Trade | The Observatory of Economic Complexity

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $25.1B in 2023.

In 2018, 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 2023 to $16B in 2018.

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

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

Latest Data

Trade between Vietnam () and Japan ()

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Japan
Top DestinationUnited States$143B

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

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

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

Comparative Advantage Vietnam - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Japan in the exports of Machines ($8.59B), Textiles ($5.05B), and Miscellaneous ($1.71B).

During 2018, Japan had a large net trade with Vietnam in the exports of Machines ($7.01B), Metals ($2.71B), and Plastics and Rubbers ($1.27B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Vietnam () and Japan ()

Japan Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Japan () (2023)

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