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How dependent is India on Vietnam?

In 2024, Vietnam sold $10.6 billion to India, 1.6% of its imports, ranking 18th among its suppliers. Its share was 1.5% in 2019 and 0.04% in 1995. In 8 products it sells more than 50% of what India buys of them (in 3, more than 75%); what India buys from Vietnam in those products (dominated value) adds up to $897 million, 0.13% of its imports.

Summary

Share of its imports
1.6%
Value imported
$10.6billion
Rank among its suppliers
18th
Products where it sells over 50%
8
Products where it sells over 75%
3
Dominated value
$897million
Share of total imports
0.1%

Trend

Trend in shares

Vietnam went from 0.04% to 1.6% of what India buys

Share (%)

  • Vietnam 1.6%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
1995150.04%78
199620%108
199790.02%91
199890.02%86
1999120.02%90
2000460.1%65
2001440.1%66
2002510.1%64
2003400.06%70
2004860.1%64
20051520.13%62
20061900.11%68
20072080.09%68
20084670.14%63
20095010.18%57
20101,0940.3%44
20111,5840.34%42
20121,9510.4%38
20132,7800.61%34
20142,8750.63%34
20152,7730.72%32
20163,2380.9%30
20174,5831%29
20187,3681.4%23
20197,4821.5%20
20205,6571.5%21
20217,0091.2%22
20228,6061.2%22
20239,6601.5%17
202410,6481.6%18

Products where Vietnam sells more than half

ProductSupplierShareSecondValue
Copper pipesVietnam61.6%Malaysia · 11.6%$691 million
Raw silkVietnam73.3%China · 25.4%$87 million
CinnamonVietnam85.4%over 75%Sri Lanka · 7.1%$82 million
Fish filletsVietnam58.5%United States · 25.8%$15 million
Silk yarn, not put up for retail saleVietnam77.6%over 75%China · 13.3%$12 million
Vegetable plaiting materials (bamboo, rattan, reed)Vietnam71.1%Benin · 11.6%$6 million
Wooden tools, handles and shoe lastsVietnam87.2%over 75%China · 7%$4 million
Wood wool and wood flourVietnam73.9%Germany · 12.5%$1 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

India is Vietnam’s 9th-largest customer, with 2.1% 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.