Home breadcru News breadcru Import/Exports breadcru Vietnam trade surplus with Japan in Jan-Aug $930 mn

Vietnam trade surplus with Japan in Jan-Aug $930 mn

02 Oct '19
1 min read
Pic: Shutterstock
Pic: Shutterstock

Vietnam recorded a trade surplus of $930 million with Japan in the first eight months of 2019. In the same period last year, its trade deficit with Japan was $114 million. A 9.3 per cent growth in exports to Japan was a key factor behind this. Three commodities with an export turnover of more than $1 billion to Japan included garment-textiles ($2.55 billion).

Shipments of 26 out of 35 main export items to Japan witnessed a rise, according to a Vietnamese newspaper report.

Meanwhile, Vietnam’s imports from Japan rose by a mere 0.7 per cent in the period. The country is expected to have a trade surplus of over $1.4 billion with Japan for the entire year.

ALCHEMPro News Desk (DS)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!