Five export groups with turnover of billion US$ to Japan

VCN – Among five export groups to Japan with a turnover of US$ 1 billion or more, there are two groups with positive growth as means of transport and spare parts and textile.
Five export commodity groups worth“10 billion USD Five export commodity groups worth“10 billion USD"
Five export groups with turnover of billion US$ to Japan

Five export groups worth billion US$ to Japan. Chart by: T.B

According to the latest statistics of the General Department of Vietnam Customs, at the end of September, Vietnam’s exports to Japan decreased by 3.8% year-on-year to US$ 17.2 billion, accounting for 6% of the whole country.

Japan is Vietnam's fourth largest export market (after the United States, China, and Korea).

At the end of September, five export groups to Japan hit a turnover of 1 billion USD or more. The textiles and garments recorded the highest export value of US$ 2.93 billion, accounting for 17% of exports to Japan, up 0.6%

The export turnover of means of transport and spare parts grew 17.3% to US$ 2.1 billion, accounting for 12.4%.

The three remaining export groups that reached billion US$ but saw negative growth as machinery, equipment, tools and spare parts with a turnover of US$ 2.02 billion, accounting for 11.7%, down 2.25%; wood and wooden product with the turnover of US$1.26 billion, accounting for 7.32%, down 9.5%; Fishery product with the turnover of US$ 1.1 billion, accounting for 6.4%, down 12.9%.

At the end of September, the imports to Japan fell 12% year-on-year to US$ 15.7 billion, accounting for 6.6% of the total import turnover of the whole country.

Vietnam had a trade surplus of US$1.5 billion to the Japanese market.

By Thai Binh/Ngoc Loan

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