The Situation of Import and Investment of Japan into Vietnam in 2017

The Situation of Import and Investment of Japan into Vietnam in 2017

Economic and trade relations between Vietnam and Japan have been growing strongly. Two-way import and export turnover in 2107 reached US$ 33.43 billion (up 12.4% over 2016).

Investment in Vietnam - In particular, imports of goods from Japan in 2017 reached nearly US$ 16.59 billion, an increase of 10.2% over 2016; Exports to Japan reached US$ 16.84 billion (up 14.8%). Thus, Vietnam's export surplus to Japan was US$ 249.14 million in 2017 (while in 2016 Vietnam's import surplus from Japan was US$ 392.56 million)

Vietnam imports a variety of goods from Japan, mainly machinery, industrial goods and raw materials. There are 3 groups in the billions of dollars, which are machinery, electronic computers and iron and steel.

At this top, there are group of machines, equipment, tools and accessories that accounts for 25.7% of the total import turnover of all kinds of goods from this market, valued at over US$ 4.26 billion, up 2, 2% compared to 2016.

Followed by computers, electronic products and components accounted for 19.2%, reaching $ 3.18 billion, up 13.4%. Steel products accounted for 8.4%, reaching US$ 1.39 billion, up 17.2%.

/vinanet.vn/

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