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The graph shows the import-export turnover between Vietnam and Japan from 2012 to the end of November 2016. Photo: T. Binh.

The graph shows the import-export turnover between Vietnam and Japan from 2012 to the end of November 2016. Photo: T. Binh.

According to the General Department of Vietnam Customs, based on actual data of import and export of enterprises, to the end of November 2016, the total import-export turnover between Vietnam and Japan reached $US 26.855 billion.

In particular, the value of Vietnam exports to Japan is worth $US 13.274 billion and Vietnam imports from Japan is worth $US 13.851 billion.

In the major commodity groups between the two countries, each country has three commodity groups with turnover of $US 1 billion or more.

Specifically, three major exported commodity groups of Vietnam to Japan are: Textiles worth $US 2.622 billion; means of transport and spare parts worth $US 1.726 billion; and machinery, equipment, tools and spare parts worth $US 1.426 billion.

In reverse, the biggest commodity exported groups of Japan to Vietnam are: Machinery, equipment, tools and spare parts worth $US 3.723 billion; computers, electronic products and components worth $US 2.537 billion; and iron and steel worth $US 1.082 billion.

Looking at the results of trade exchange between Vietnam and Japan for 5 years (from 2012 to date), Vietnam had a trade surplus in the first 3 years (2012, 2013 and 2014) and 2 years later, Japan had a trade surplus.

Specifically, Vietnam had a trade surplus of $US 1.462 billion in 2012, a trade surplus of $US 2.016 billion in 2013; and a trade surplus of $US 1.767 billion in 2014.

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However, Vietnam had a trade deficit of $US 218 million in 2015 and a trade deficit of $US 307 million in the first 11 months of 2016.