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How dependent is the Philippines on Vietnam?

In 2024, Vietnam sold $5.7 billion to the Philippines, 4.1% of its imports, ranking 9th among its suppliers. Its share was 3.1% in 2019 and 0% in 1995. In 14 products it sells more than 50% of what the Philippines buys of them (in 5, more than 75%); what the Philippines buys from Vietnam in those products (dominated value) adds up to $2.6 billion, 1.9% of its imports.

Summary

Share of its imports
4.1%
Value imported
$5.7billion
Rank among its suppliers
9th
Products where it sells over 50%
14
Products where it sells over 75%
5
Dominated value
$2.6billion
Share of total imports
1.9%

Trend

Trend in shares

Vietnam went from 0% to 4.1% of what the Philippines buys

Share (%)

  • Vietnam 4.1%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
199500%—
19961970.55%29
19972860.71%24
19984061.3%17
19992280.72%24
20002720.76%23
20013110.91%22
20022990.87%21
20033500.94%19
20046551.5%15
20051,0512.4%13
20068721.7%15
20079991.6%15
20082,0443.1%12
20091,5503%12
20101,8482.8%11
20111,1121.7%16
20121,1671.6%16
20131,3211.7%14
20141,6512.1%14
20151,6802.2%13
20162,0872.2%12
20172,8912.7%11
20183,2962.8%11
20193,8083.1%11
20203,4493.4%10
20214,4013.5%10
20224,7283.1%10
20235,0303.7%10
20245,7244.1%9

Products where Vietnam sells more than half

ProductSupplierShareSecondValue
RiceVietnam73%Thailand · 12.2%$1.8 billion
CementVietnam79.2%over 75%Japan · 8%$407 million
CoffeeVietnam66%Indonesia · 18.3%$154 million
Prefabricated buildingsVietnam60.4%China · 32.7%$84 million
Pepper, dried chili and paprikaVietnam72.4%India · 9.8%$32 million
Wheat flourVietnam79%over 75%Indonesia · 5.4%$24 million
Uninsulated copper cableVietnam54.3%China · 20%$20 million
Quicklime and slaked limeVietnam68.3%Malaysia · 22.4%$17 million
Crustaceans (shrimp, lobster, crab)Vietnam53.6%China · 30.4%$17 million
Coconuts, Brazil nuts and cashewsVietnam96.6%over 75%Indonesia · 1.3%$13 million
Razors and razor bladesVietnam67.6%China · 18%$11 million
Artificial filament yarn (viscose)Vietnam51.1%China · 16.8%$8 million
Other slag and ashVietnam91.6%over 75%China · 4.7%$4 million
Synthetic staple fibers, carded or combedVietnam81.7%over 75%South Korea · 7.8%$882 thousand

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 Philippines is Vietnam’s 19th-largest customer, with 1.1% 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.