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How dependent is the United States on Vietnam?

In 2024, Vietnam sold $140.5 billion to the United States, 4.4% of its imports, ranking 6th among its suppliers. Its share was 2.8% in 2019 and 0.03% in 1995. In 4 products it sells more than 50% of what the United States buys of them (in 0, more than 75%); what the United States buys from Vietnam in those products (dominated value) adds up to $1.8 billion, 0.06% of its imports.

Summary

Share of its imports
4.4%
Value imported
$140.5billion
Rank among its suppliers
6th
Products where it sells over 50%
4
Products where it sells over 75%
0
Dominated value
$1.8billion
Share of total imports
0.1%

Trend

Vietnam went from 0.03% to 4.4% of what the United States buys

Trend in shares

Vietnam went from 0.03% to 4.4% of what the United States buys

Share (%)

  • Vietnam 4.4%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19952080.03%80
19963370.04%73
19974070.05%71
19985890.06%67
19996490.06%66
20008640.07%65
20011,1930.11%61
20022,9480.25%45
20035,0850.4%33
20045,8030.39%38
20057,2340.43%36
20069,4250.51%35
200711,8060.6%29
200814,0680.67%30
200913,2070.85%26
201016,0670.84%26
201118,7490.85%25
201221,4490.94%23
201325,9351.2%18
201431,8521.4%13
201539,3661.8%12
201642,7282%10
201748,8542.1%10
201849,9232%11
201967,4172.8%7
202079,6363.5%6
2021100,8803.6%6
2022128,9224%6
2023113,4193.8%7
2024140,4894.4%6

Products where Vietnam sells more than half

4 products, 0.06% of what it buys
ProductSupplierShareSecondValue
Coconuts, Brazil nuts and cashewsVietnam74.2%Philippines · 5%$968 million
CandlesVietnam55.2%Canada · 14.1%$641 million
Tire cord fabricVietnam56%Turkey · 7.6%$193 million
Gauze fabricsVietnam52.3%China · 17.9%$5 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

Vietnam’s 1st customer, 27.8% of its sales

The United States is Vietnam’s 1st-largest customer, with 27.8% of its exports.

Sources and method

CEPII BACI and 1 more

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.