Viet Nam
↔
Japan

Viet Nam-Japan Bilateral Trade Analysis 2023

Complete trade statistics: $41.11B total volume •Viet Nam surplus: $9.13B

Viet Nam → Japan

$25.12B

Exports (2023)

Japan → Viet Nam

$15.99B

Imports (2023)

Trade Balance

$9.13B

Surplus for Viet Nam

Total Trade

$41.11B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Viet Nam and Japan. Green line shows exports from Viet Nam, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Viet Nam-Japan commercial relationship and competitive positioning in global markets.

Viet Nam → Japan Exports

$25.12B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
8.6% top product
1Insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
$2.16B
8.6% of exports
2Telephones for cellular networks or for other wireless networks
$1.38B
5.5% of exports
3Wood: for fuel, in chips or particles, non-coniferous, whether or not agglomerated
$757.12M
3.0% of exports
4Wood: for fuel, sawdust and wood waste and scrap, agglomerated in logs, briquettes, pellets or similar forms: wood pellets
$519.43M
2.1% of exports
5Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
$365.33M
1.5% of exports
6T-shirts, singlets and other vests: of cotton, knitted or crocheted
$357.87M
1.4% of exports
7Jerseys, pullovers, cardigans, waistcoats and similar articles: of man-made fibres, knitted or crocheted
$340.81M
1.4% of exports
8Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts
$323.08M
1.3% of exports
9Cases and containers: n.e.c. in heading 4202, with outer surface of sheeting of plastics or of textile materials
$315.41M
1.3% of exports
10Tricycles, scooters, pedal cars and similar wheeled toys: dolls' carriages: dolls: other toys: reduced-size (scale) models and similar recreational models, working or not: puzzles of all kinds
$309.01M
1.2% of exports

🎯 Strategic Export Focus

Viet Nam's export portfolio to Japan demonstrates strong diversification across multiple sectors, with insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships representing a key competitive advantage in this bilateral market.

Japan → Viet Nam Imports

$15.99B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
17.0% concentration
1Electronic integrated circuits: n.e.c. in heading no. 8542
$2.71B
17.0% of imports
2Ferrous waste and scrap: n.e.c. in heading no. 7204
$485.01M
3.0% of imports
3Iron or non-alloy steel: in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, of a thickness of less than 3mm
$370.02M
2.3% of imports
4Electrical apparatus: n.e.c. in heading no. 8536, for switching or protecting electrical circuits, for a voltage not exceeding 1000 volts
$336.54M
2.1% of imports
5Printing machinery: parts and accessories, n.e.c. in item no. 8443.91
$246.70M
1.5% of imports
6Optical elements: lenses n.e.c. in heading no. 9001, prisms, mirrors and other optical elements, unmounted, of any material (excluding elements of glass not optically worked)
$231.40M
1.4% of imports
7Parts of electronic integrated circuits
$208.86M
1.3% of imports
8Electrical apparatus: parts suitable for use solely or principally with the apparatus of heading no. 8535, 8536 or 8537
$186.92M
1.2% of imports
9Optical elements: polarising material, sheets and plates thereof
$180.31M
1.1% of imports
10Ferrous waste and scrap: turnings, shavings, chips, milling waste, sawdust, fillings, trimmings and stampings, whether or not in bundles
$150.83M
0.9% of imports

📦 Import Strategy Analysis

Viet Nam's import pattern from Japan reveals significant dependencyin electronic integrated circuits: n.e.c. in heading no. 8542, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Viet Nam demonstrates competitive strength in exportinginsulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships to Japan, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $41.11B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: Viet Nam-Japan Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $41.11 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Viet Nam maintains a surplus of $9.13 billion
  • Export Focus: Viet Nam's primary exports include insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, telephones for cellular networks or for other wireless networks, wood: for fuel, in chips or particles, non-coniferous, whether or not agglomerated
  • Import Dependencies: Key imports from Japan include electronic integrated circuits: n.e.c. in heading no. 8542, ferrous waste and scrap: n.e.c. in heading no. 7204, iron or non-alloy steel: in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, of a thickness of less than 3mm

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $41.11B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with Viet Nam leveraging its comparative advantages in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

Viet Nam's specialization in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or shipscomplements Japan's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in electronic integrated circuits: n.e.c. in heading no. 8542.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $41.11B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyModerate
🔮

Trade Relationship Outlook

The $41.11B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $41.11 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High
🏭

Industrial Integration

Trade flows in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships and electronic integrated circuits: n.e.c. in heading no. 8542 demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

Viet Nam's trade surplus of $9.13 billion strengthens its overall economic position in this bilateral relationship.

Balance Impact: Export Advantage

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in telephones for cellular networks or for other wireless networks present expansion opportunities.
Market Diversification
Beyond current focus on electronic integrated circuits: n.e.c. in heading no. 8542, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
Moderate concentration in key sectors requires monitoring
Market Competition
Global competition in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between Viet Nam and Japan represents a total trade volume of $41.11 billion in 2023. This partnership demonstrates a favorable trade balance for Viet Nam, with exports exceeding importsby $9.13 billion.

Export Strengths

Viet Nam's exports to Japan total $25.12 billion, with competitive advantages in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, representing $2.16B or8.6% of bilateral exports.

Import Dependencies

Imports from Japan amount to $15.99 billion, highlighting economic interdependence in electronic integrated circuits: n.e.c. in heading no. 8542, with Electronic integrated circuits: n.e.c. in heading no. 8542 comprising17.0% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Viet Nam's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between Viet Nam and Japan in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023