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Trade between Japan and Vietnam

In 2024, Japan exported $15.9 billion to Vietnam and imported $26.5 billion. Japan ran a deficit of $10.6 billion with Vietnam, compared with a deficit of $3.7 billion in 2019. Vietnam was Japan’s 9th largest trading partner (3% of its trade), and Japan was Vietnam’s 4th (5%).

Summary

Japan → Vietnam
$15.9billion
Vietnam → Japan
$26.5billion
Japan’s balance
-$10.6billion

Balance

Japan’s trade balance with Vietnam

Trade between Japan and Vietnam grew 16.1-fold since 1995

USD billions (current). Japan’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 15.9
  • Imports 26.5
  • Balance -10.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$918 million$1.7 billion-$797 million
1996$1.1 billion$2 billion-$896 million
1997$1.2 billion$2.2 billion-$986 million
1998$1.2 billion$1.7 billion-$540 million
1999$1.5 billion$2 billion-$470 million
2000$2.7 billion$2.9 billion-$284 million
2001$2.1 billion$3 billion-$911 million
2002$2.6 billion$2.7 billion-$152 million
2003$3.1 billion$3.3 billion-$253 million
2004$3.7 billion$4.1 billion-$366 million
2005$4.2 billion$4.8 billion-$521 million
2006$4.8 billion$5.4 billion-$605 million
2007$6.2 billion$6.5 billion-$310 million
2008$8.4 billion$9.3 billion-$913 million
2009$7.3 billion$7.2 billion$164 million
2010$9.1 billion$8.4 billion$643 million
2011$10.5 billion$11.3 billion-$750 million
2012$11.2 billion$14.9 billion-$3.8 billion
2013$11.7 billion$14.3 billion-$2.6 billion
2014$12.7 billion$15.5 billion-$2.8 billion
2015$13.9 billion$15.2 billion-$1.4 billion
2016$14.9 billion$16.2 billion-$1.3 billion
2017$16.6 billion$18.7 billion-$2.1 billion
2018$18.4 billion$20.8 billion-$2.4 billion
2019$18.5 billion$22.2 billion-$3.7 billion
2020$19.3 billion$21.6 billion-$2.4 billion
2021$21.6 billion$22.7 billion-$1.1 billion
2022$22 billion$26.1 billion-$4 billion
2023$20.2 billion$25.2 billion-$5 billion
2024$15.9 billion$26.5 billion-$10.6 billion

What they sell each other

What Japan sells to Vietnam

The top 10 headings in 2024, with their share of the total.

  1. Microchips$2.5 billion · 15.8%
    347 tonnes · Japan’s destinations
  2. Ferrous scrap$892 million · 5.6%
    2.6 million tonnes · Japan’s destinations
  3. Hot-rolled flat steel$708 million · 4.5%
    1.4 million tonnes
  4. Printers and printing machines$385 million · 2.4%
    14 thousand tonnes
  5. 10 thousand tonnes
  6. Optical fibers and lenses$327 million · 2.1%
    906 tonnes
  7. Auto parts$288 million · 1.8%
    39 thousand tonnes · Japan’s destinations
  8. Other industrial machines$266 million · 1.7%
    5 thousand tonnes
  9. Synthetic filament fabric$252 million · 1.6%
    12 thousand tonnes
  10. Parts for switchgear$202 million · 1.3%
    7 thousand tonnes

What Vietnam sells to Japan

The top 10 headings in 2024, with their share of the total.

  1. Cables and wire$2.5 billion · 9.3%
    113 thousand tonnes · Vietnam’s destinations
  2. 4 thousand tonnes
  3. Firewood and wood chips$1.3 billion · 4.9%
    7.4 million tonnes
  4. Sweaters and pullovers$769 million · 2.9%
    33 thousand tonnes
  5. T-shirts$623 million · 2.4%
    30 thousand tonnes
  6. Textile footwear$563 million · 2.1%
    18 thousand tonnes
  7. Auto parts$520 million · 2%
    38 thousand tonnes · Vietnam’s destinations
  8. Computers$502 million · 1.9%
    2 thousand tonnes · Vietnam’s destinations
  9. 11 thousand tonnes
  10. Bags, suitcases and cases$469 million · 1.8%
    15 thousand tonnes

How it travels

Estimated sea route from Yokohama to Phu My.

The estimated sea route between Yokohama and Phu My is 2,483 nautical miles (4,598 km) long: ≈ 5.5–7.5 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$32.7 billion · 77.3%
  2. Air$9.6 billion · 22.7%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Vietnam was Japan’s 9th largest trading partner (3% of its trade), and Japan was Vietnam’s 4th (5%).

Vietnam in Japan’s trade
2.9%
Vietnam’s rank among Japan’s partners
9th
Japan in Vietnam’s trade
4.8%
Japan’s rank among Vietnam’s partners
4th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.