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How dependent is Vietnam on China?

In 2024, China sold $158.8 billion to Vietnam, 42.1% of its imports, ranking 1st among its suppliers. Its share was 30.4% in 2019 and 8.9% in 1995. In 549 products it sells more than 50% of what Vietnam buys of them (in 277, more than 75%); what Vietnam buys from China in those products (dominated value) adds up to $101.4 billion, 26.9% of its imports.

Summary

Share of its imports
42.1%
Value imported
$158.8billion
Rank among its suppliers
1st
Products where it sells over 50%
549
Products where it sells over 75%
277
Dominated value
$101.4billion
Share of total imports
26.9%

Trend

Trend in shares

China went from 8.9% to 42.1% of what Vietnam buys

Share (%)

  • China 42.1%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19957188.9%4
19968428.3%4
19971,0809.8%5
19981,02810%5
19999649%5
20001,7319.4%5
20011,86810.4%5
20022,42610.9%5
20033,37912.1%1
20044,60813.3%1
20055,97715%1
20067,83315.9%1
200712,76818.9%1
200815,50118.2%1
200916,72422.1%1
201020,95522.5%1
201124,98821.7%1
201231,34925.6%1
201337,25726.5%1
201445,04128.6%1
201548,80627.9%1
201649,42326.4%1
201761,03726.9%1
201867,23227.3%1
201979,42330.4%1
202088,62833.8%1
2021109,57333.6%1
2022118,93533.7%1
2023112,20134.9%1
2024158,76942.1%1

Products where China sells more than half

ProductSupplierShareSecondValue
Phones and telecom equipmentChina78.4%over 75%South Korea · 13.1%$6.9 billion
Hot-rolled flat steelChina73.5%Japan · 11%$4.7 billion
Other knitted fabricChina67.5%Taiwan · 11.8%$4.2 billion
BatteriesChina83.1%over 75%South Korea · 8.5%$4.1 billion
Computer and office machine partsChina57.4%Hong Kong · 13.1%$3.3 billion
Synthetic filament fabricChina70.1%Taiwan · 10.5%$2.8 billion
Transformers and power suppliesChina62%Hong Kong · 13.5%$2.1 billion
Cables and wireChina62%South Korea · 14.1%$2.1 billion
Other industrial machinesChina54.8%South Korea · 22.8%$2 billion
Microphones and speakersChina78.7%over 75%Hong Kong · 6.3%$1.5 billion
Footwear partsChina79.2%over 75%United States · 11.5%$1.3 billion
Lamps and light fittingsChina96.9%over 75%South Korea · 0.58%$1.3 billion
Other plastic articlesChina54.7%South Korea · 11%$1.3 billion
Plastic sheets and filmChina61.9%South Korea · 17.2%$1.2 billion
Plastic-coated fabricChina57.9%South Korea · 15.4%$1.1 billion
Synthetic filament yarnChina71.3%Taiwan · 13.6%$890 million
Knitted plush and terry fabricChina88.7%over 75%South Korea · 5.6%$884 million
Plastic and rubber processing machinesChina71.6%Taiwan · 6.8%$877 million
ComputersChina55.3%Malaysia · 13.3%$824 million
Metal hardware and fittingsChina87.9%over 75%South Korea · 2.9%$820 million
Other iron or steel articlesChina64.1%South Korea · 17.1%$807 million
Aluminum sheetChina69.9%South Korea · 16.3%$803 million
Air pumps, compressors and fansChina67.7%South Korea · 7.2%$800 million
Electric heaters and hair dryersChina81%over 75%South Korea · 5.8%$763 million
ToysChina96.8%over 75%Thailand · 0.78%$758 million
Electric motors and generatorsChina69.1%Germany · 5.6%$740 million
Seats and chairsChina80.4%over 75%South Korea · 4.7%$708 million
Elevators, escalators and conveyorsChina75.3%over 75%South Korea · 6.6%$664 million
Self-adhesive plastic sheetsChina52.2%South Korea · 28.9%$662 million
Women's suits and dressesChina88.6%over 75%Italy · 5.9%$654 million

and 519 more

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 China

Vietnam is China’s 5th-largest customer, with 4.4% 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.