Japan- largest import market for Vietnamese transport vehicles

Source: VOV

15:45 | 31/08/2020 Import-Export Follow english.haiquanonline.com.vn on

The first seven month of the year saw Vietnam's export of means of transport and spare parts to Japan reach US$1.2 billion, accounting for 28% of the nation's overall export turnover of this commodity group, according to the General Department of Customs

japan largest import market for vietnamese transport vehicles

During the reviewed period, export turnover of transport vehicles and spare parts reached a figure of US$4.38 billion. Among more than 30 export markets of the products of its kind, Japan, the US, and the Republic of Korea recorded the largest turnover, making up more than 50% of Vietnam’s total export value.

Meanwhile, export of this commodity group to the US during the opening seven months of the year hit US$904 million, holding 21% of the total export turnover of transport vehicles and spare parts of Vietnam.

However, the nation's export value of the products endured a fall from last year due to the impact of the novel coronavirus (COVID-19) epidemic on the world economy, thus also adversely affecting the country's production, export and import activities, in which the most affected markets were Switzerland, down 94% and Norway suffering a fall of 91% in terms of export value.

Source: VOV

english.vov.vn

Tags:

Related News

3 priority pillars of Japanese ODA capital flow in Vietnam

14:19 | 06/11/2024 Finance

VCN - Mr. Sugano Yuichi, Chief Representative of the Vietnam Office of the Japan International Cooperation Agency (JICA), shared about the outstanding results in more than 30 years of implementing ODA projects in Vietnam and plans for the coming time.

Japanense Chamber of Commerce and Industry recognizes benefits of developing Customs-Business partnership

11:03 | 14/09/2024 Customs

VCN - Sharing at the 2024 Customs-Business Annual Forum, with the theme: 10 years of developing Customs-Business partnership, Mr. Yoshihara Toru, Director of Customs, Japanense Chamber of Commerce and Industry (JCCI) said that developing Customs-Business partnership is not a case where one side wins and the other side suffers losses, but rather a mutually beneficial cooperation.

Taking advantage of FTAs to promote exports of many products to Japan

08:28 | 02/09/2024 Import-Export

VCN - Vietnam and Japan are participating in 4 bilateral and multilateral free trade agreements, Vietnamese enterprises need to take advantage of this to increase exports.

Vietnam and Japan promote cooperation

19:30 | 30/08/2024 Finance

VCN - On August 28, Deputy Prime Minister and Minister of Finance Ho Duc Phoc had a working session with the Japanese Senate delegation led by Mr. Nakanishi Yusuke, Senator of the Liberal Democratic Party.

Latest News

Opportunity to accelerate agricultural export to China

10:04 | 18/11/2024 Import-Export

VCN - For many years, China has been Vietnam's largest trading partner. Trade between Vietnam and China has maintained a stable and sustainable growth momentum.

Bac Ninh, East Kazakhstan boost cooperation

19:56 | 17/11/2024 Import-Export

A delegation from the northern province of Bac Ninh led by member of the Party Central Committee and Secretary of the provincial Party Committee Nguyen Anh Tuan met with leaders of East Kazakhstan region, Kazakhstan, on November 15 to promote cooperation between the two localities.

Vietnam sees opportunities to attract investments in electronics support industries

15:28 | 17/11/2024 Import-Export

As an investment attraction of numerous leading technology corporations, Vietnam sees many opportunities to attract foreign direct investment (FDI) into electronic components manufacturing.

Businesses welcome the "golden" tuna export opportunity to the UAE

09:18 | 17/11/2024 Import-Export

VCN- Tuna products imported into the United Arab Emirates (UAE) are currently subject to a 5% tax rate. Therefore, businesses expect this market to expand further when the FTA between Vietnam and the UAE takes effect and reduces the import tax on seafood to 0%.

More News

Electronics industry overcomes challenges to penetrate deep into global supply chain

19:38 | 16/11/2024 Import-Export

VCN - In addition to the opportunities from the investment shift in the electronics industry, Vietnamese enterprises also face many challenges in terms of capital, technology and human resources. Ms. Do Thi Thuy Huong, Executive Committee Member of the Vietnam Electronics Industry Association (VEIA), shared about the future directions for this potential industry.

Vietnam-China trade expected to hit record of US$ 200 billion in 2024

19:38 | 16/11/2024 Import-Export

VCN- The import-export turnover between Vietnam and China is predicted to hit a new record of US$ 200 billion.

Vietnam eyes building self-reliant, sustainable semiconductor ecosystem

19:34 | 16/11/2024 Import-Export

Vietnam, with its skilled workforce and competitive production costs, is poised to become a critical supplier of materials, components, and assemblies for the semiconductor industry, thus making a deeper penetration into the global value chain.

Advantages of Vietnam’s exports to Indonesia

09:35 | 16/11/2024 Import-Export

VCN – By taking advantage of the potential and opportunities from the RCEP and ATIGA agreements, there are numerous opportunities for Vietnamese goods to be exported to the Indonesia market, especially agricultural and aquatic products.

Vietnamese passion fruit gets “great opportunities” to Australia

09:35 | 16/11/2024 Import-Export

VCN - Vietnamese passion fruit having been exported to twenty countries, in many forms such as fresh fruit, frozen fruit, juice, recently Vietnamese passion fruit continues to be licensed to export to the Australian market. Thus, after mango, longan, lychee, dragon fruit, passion fruit is the 5th product of Vietnam licensed to export to the Australian market.

Exports of bamboo, rattan, sedge, carpet products reach 594.8 million USD

13:50 | 15/11/2024 Import-Export

Vietnam's exports of rattan, bamboo, sedge and carpet products totalled 50.43 million USD in September, a 4.5% decrease compared to last year, according to the General Department of Customs.

Vietnam to set new record in rice exports in 2024

13:46 | 15/11/2024 Import-Export

Despite challenges in the global rice market, Vietnam's is still on a right track to a new export volume record of over 8 million tonnes in 2024, surpassing last year’s result, according to insiders.

Reducing logistics costs: A solution for competitiveness and attracting import-export goods

10:56 | 15/11/2024 Import-Export

VCN - With high costs, a lack of large-scale logistics centers, and fragmented infrastructure, the logistics industry still faces many challenges on its path to becoming a backbone of the economy.

Agricultural exports require business flexibility

10:54 | 15/11/2024 Import-Export

VCN - In the context of the global economy having many fluctuations, agricultural exports, especially fruits to China, are becoming the driving force helping Vietnam achieve impressive export results. Mr. Tran Thanh Hai (photo), Deputy Director of the Import-Export Department (Ministry of Industry and Trade) shared the export situation in the past time and prospects in the last months of the year.