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How dependent is Vietnam on Japan?

In 2024, Japan sold $15.9 billion to Vietnam, 4.2% of its imports, ranking 5th among its suppliers. Its share was 7.1% in 2019 and 11.4% in 1995. In 11 products it sells more than 50% of what Vietnam buys of them (in 2, more than 75%); what Vietnam buys from Japan in those products (dominated value) adds up to $1.1 billion, 0.29% of its imports.

Summary

Share of its imports
4.2%
Value imported
$15.9billion
Rank among its suppliers
5th
Products where it sells over 50%
11
Products where it sells over 75%
2
Dominated value
$1.1billion
Share of total imports
0.3%

Trend

Trend in shares

Japan went from 11.4% to 4.2% of what Vietnam buys

Share (%)

  • Japan 4.2%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
199591811.4%3
19961,11511%3
19971,19910.9%4
19981,20711.7%4
19991,48413.9%2
20002,65114.4%2
20012,06011.5%3
20022,59111.6%4
20033,07411%3
20043,73910.8%3
20054,24610.7%4
20064,8449.9%4
20076,2179.2%4
20088,3559.8%4
20097,3249.7%3
20109,0529.7%3
201110,5439.2%3
201211,1789.1%3
201311,6978.3%3
201412,6598%3
201513,8567.9%3
201614,8988%3
201716,6017.3%3
201818,4037.5%3
201918,5277.1%3
202019,2737.4%3
202121,6136.6%3
202222,0326.2%3
202320,1856.3%3
202415,8584.2%5

Products where Japan sells more than half

ProductSupplierShareSecondValue
Ferrous scrapJapan56.6%Hong Kong · 12.1%$892 million
Cold-rolled flat steelJapan53.9%China · 25.8%$93 million
Photographic chemicalsJapan55.3%China · 19.6%$52 million
Silk fabricJapan59.8%China · 35.6%$17 million
PianosJapan77.9%over 75%China · 10.4%$11 million
Wheat flourJapan76.4%over 75%Singapore · 7.5%$7 million
PlatinumJapan55.7%Hong Kong · 15.7%$7 million
Alloy steel ingots and semi-finished productsJapan54.8%Philippines · 40.4%$5 million
CobaltJapan62.8%South Korea · 20.9%$3 million
Magnesium hydroxide and peroxide; strontium and barium oxidesJapan59.6%China · 13.9%$2 million
Central heating radiatorsJapan71%China · 19.4%$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 Japan

Vietnam is Japan’s 12th-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.