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How dependent is the European Union on Vietnam?

In 2024, Vietnam sold $66.4 billion to the European Union, 2.4% of its imports from outside the EU, ranking 10th among its suppliers. Its share was 2% in 2019 and 0.19% in 1995. In 1 product it sells more than 50% of what the European Union buys of them (in 0, more than 75%); what the European Union buys from Vietnam in those products (dominated value) adds up to $849 million, 0.03% of its imports from outside the EU.

Summary

Share of its imports (outside the EU)
2.4%
Value imported
$66.4billion
Rank among its suppliers
10th
Products where it sells over 50%
1
Products where it sells over 75%
0
Dominated value
$849million
Share of total imports (outside the EU)
0%

Trend

Trend in shares

Vietnam went from 0.19% to 2.4% of what the European Union buys from outside the EU

Share (%)

  • Vietnam 2.4%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19951,3330.19%45
19961,7440.23%42
19972,4840.32%37
19982,8920.36%34
19993,3170.41%35
20003,9860.44%35
20014,2210.48%33
20024,4150.49%34
20035,1660.48%33
20046,2920.48%34
20056,8730.46%35
20068,6660.49%35
200711,0520.54%34
200813,6440.58%34
200911,6800.66%27
201013,0000.64%29
201118,1700.77%27
201221,7350.96%21
201325,7551.2%18
201428,9471.3%16
201532,6181.7%12
201637,0382%11
201743,2782.1%11
201845,5262%11
201944,5922%11
202044,0142.2%10
202150,2882%11
202257,8151.8%11
202359,4832.1%10
202466,3812.4%10

Products where Vietnam sells more than half

ProductSupplierShareSecondValue
Coconuts, Brazil nuts and cashewsVietnam54.6%Côte d'Ivoire · 11.7%$849 million

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from Vietnam

The European Union is Vietnam’s 3rd-largest customer, with 13.1% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.