diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4d301d9c..7bc8a44a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,5 @@
 * Add whitelist for `pint.UnitRegistry.default_formatter` (Ben Elliston, #258).
+* Mark imports in `__all__` as used (kreathon, #172).
 
 # 2.4 (2022-05-19)
 
diff --git a/tests/test_imports.py b/tests/test_imports.py
index 3efb218f..af004d33 100644
--- a/tests/test_imports.py
+++ b/tests/test_imports.py
@@ -209,6 +209,93 @@ def test_import_alias_use_alias(v):
     check(v.unused_vars, [])
 
 
+def test_import_with__all__(v):
+    v.scan(
+        """\
+# define.py
+class Foo:
+    pass
+
+class Bar:
+    pass
+
+# main.py
+from define import Foo, Bar
+
+__all__ = ["Foo"]
+
+"""
+    )
+    check(v.defined_imports, ["Foo", "Bar"])
+    check(v.unused_imports, ["Bar"])
+
+
+def test_import_with__all__normal_reference(v):
+    v.scan(
+        """\
+# define.py
+class Foo:
+    pass
+
+class Bar:
+    pass
+
+# main.py
+from define import Foo, Bar
+
+__all__ = [Foo]
+
+"""
+    )
+    check(v.defined_imports, ["Foo", "Bar"])
+    check(v.unused_imports, ["Bar"])
+
+
+def test_import_with__all__string(v):
+    v.scan(
+        """\
+# define.py
+class Foo:
+    pass
+
+class Bar:
+    pass
+
+# main.py
+from define import Foo, Bar
+
+__all__ = "Foo"
+
+"""
+    )
+    check(v.defined_imports, ["Foo", "Bar"])
+    # __all__ is not a list or tuple, so Foo is unused.
+    check(v.unused_imports, ["Foo", "Bar"])
+
+
+def test_import_with__all__assign_other_module(v):
+    v.scan(
+        """\
+# define.py
+class Foo:
+    pass
+
+class Bar:
+    pass
+
+# main.py
+import define
+from define import Foo, Bar
+
+define.__all__ = ["Foo"]
+
+"""
+    )
+    check(v.defined_imports, ["define", "Foo", "Bar"])
+    # Only assignments to __all__ of the current module are covered.
+    check(v.unused_imports, ["Foo", "Bar"])
+
+
 def test_ignore_init_py_files(v):
     v.scan(
         """\
diff --git a/vulture/core.py b/vulture/core.py
index 8111fbf2..3f716f72 100644
--- a/vulture/core.py
+++ b/vulture/core.py
@@ -53,6 +53,15 @@ def _is_test_file(filename):
     )
 
 
+def _assigns_special_variable__all__(node):
+    assert isinstance(node, ast.Assign)
+    return isinstance(node.value, (ast.List, ast.Tuple)) and any(
+        target.id == "__all__"
+        for target in node.targets
+        if isinstance(target, ast.Name)
+    )
+
+
 def _ignore_class(filename, class_name):
     return _is_test_file(filename) and "Test" in class_name
 
@@ -616,6 +625,13 @@ def visit_Name(self, node):
         elif isinstance(node.ctx, (ast.Param, ast.Store)):
             self._define_variable(node.id, node)
 
+    def visit_Assign(self, node):
+        if _assigns_special_variable__all__(node):
+            assert isinstance(node.value, (ast.List, ast.Tuple))
+            for elt in node.value.elts:
+                if isinstance(elt, ast.Str):
+                    self.used_names.add(elt.s)
+
     def visit_While(self, node):
         self._handle_conditional_node(node, "while")