Which groups of goods exported to Japan have a turnover of 1 billion USD or more?

According to the latest data from the General Department of Customs, in September 2023, Vietnam's export turnover to the Japanese market reached 1.9 billion USD, down 10.5% compared to the previous month. In the first 9 months of the year, Vietnam's exports to Japan reached 17.2 billion USD, accounting for 6% of the country's export turnover, down 3.8% compared to the same period last year.

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

In September 2023, Vietnam's export turnover of goods to the Japanese market reached 1.9 billion USD, down 10.5% compared to the previous month.

By the end of September, there were 5 groups of goods exported to Japan with a turnover of 1 billion USD or more. Leading the way was textiles and garments with a turnover of 2.93 billion USD, accounting for more than 17% of export turnover to Japan, up 0.6% over the same period last year.

Next is means of transport and spare parts reaching 2.1 billion USD, up 17.3%, accounting for 12.4%.

The remaining 3 groups with a turnover of "billions of dollars" but negative growth are: Machinery, equipment, tools and spare parts reached 2.02 billion USD, accounting for 11.7%, down 2.25%; wood and wood products reached 1.26 billion USD, accounting for 7.32%, down 9.5%; seafood reached 1.1 billion USD, accounting for 6.42%, down 12.9%.

In contrast, by the end of September, imports from Japan reached more than 15.7 billion USD, accounting for 6.6% of the country's total import turnover, down 12% over the same period last year.

By the end of September, Vietnam had a trade surplus of 1.5 billion USD to the Japanese market.

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