Japan- largest import market for Vietnamese transport vehicles

Source: VOV

15:45 | 31/08/2020 Import-Export Follow english.haiquanonline.com.vn on

The first seven month of the year saw Vietnam's export of means of transport and spare parts to Japan reach US$1.2 billion, accounting for 28% of the nation's overall export turnover of this commodity group, according to the General Department of Customs

japan largest import market for vietnamese transport vehicles

During the reviewed period, export turnover of transport vehicles and spare parts reached a figure of US$4.38 billion. Among more than 30 export markets of the products of its kind, Japan, the US, and the Republic of Korea recorded the largest turnover, making up more than 50% of Vietnam’s total export value.

Meanwhile, export of this commodity group to the US during the opening seven months of the year hit US$904 million, holding 21% of the total export turnover of transport vehicles and spare parts of Vietnam.

However, the nation's export value of the products endured a fall from last year due to the impact of the novel coronavirus (COVID-19) epidemic on the world economy, thus also adversely affecting the country's production, export and import activities, in which the most affected markets were Switzerland, down 94% and Norway suffering a fall of 91% in terms of export value.

Source: VOV

english.vov.vn

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