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

02
Oct '19
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.

Fibre2Fashion News Desk (DS)


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