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How dependent is Vietnam on Australia?

In 2024, Australia sold $6.9 billion to Vietnam, 1.8% of its imports, ranking 11th among its suppliers. Its share was 1.7% in 2019 and 1.4% in 1995. In 10 products it sells more than 50% of what Vietnam buys of them (in 4, more than 75%); what Vietnam buys from Australia in those products (dominated value) adds up to $1.2 billion, 0.32% of its imports.

Summary

Share of its imports
1.8%
Value imported
$6.9billion
Rank among its suppliers
11th
Products where it sells over 50%
10
Products where it sells over 75%
4
Dominated value
$1.2billion
Share of total imports
0.3%

Trend

Trend in shares

Australia went from 1.4% to 1.8% of what Vietnam buys

Share (%)

  • Australia 1.8%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19951101.4%13
19961391.4%13
19971321.2%15
19981841.8%13
19991591.5%14
20003481.9%13
20013061.7%14
20023411.5%16
20033011.1%19
20044951.4%16
20056501.6%15
20061,1732.4%12
20071,2361.8%13
20081,6471.9%14
20091,1091.5%14
20101,5561.7%13
20112,5772.2%11
20122,0111.6%13
20132,0051.4%13
20142,8301.8%11
20152,6791.5%13
20163,0141.6%13
20173,6681.6%13
20183,9061.6%13
20194,3831.7%12
20204,5681.7%11
20217,7362.4%8
20229,7532.8%7
20237,9732.5%9
20246,8741.8%11

Products where Australia sells more than half

ProductSupplierShareSecondValue
Iron oreAustralia58.3%Malaysia · 24.1%$861 million
Live cattleAustralia65.1%Thailand · 32%$111 million
MaltAustralia57.6%China · 12.4%$107 million
BarleyAustralia74%Romania · 24.1%$51 million
Tungsten oreAustralia52.7%Singapore · 11.2%$19 million
Fresh beefAustralia81.1%over 75%Japan · 6.9%$18 million
Forage (alfalfa and hay)Australia84.5%over 75%United States · 14%$18 million
Rapeseed and mustard oilAustralia52.3%Japan · 28.3%$9 million
Lamb and goat meatAustralia82.7%over 75%New Zealand · 15%$5 million
Rolled oats and other processed grainsAustralia83.1%over 75%United States · 3.4%$4 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 Australia

Vietnam is Australia’s 12th-largest customer, with 1.9% 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.