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Vietnam Tariff Rate

Vietnam's tariff rate fell to 3.71% in 2022, down from 4.22% in 2021, according to World Bank. This represents a decrease of 0.51% from the previous year. Vietnam has tariff rate lower than the global median (3.71% vs median 5.90%). Compared with the median in Asia, Vietnam is lower (3.71% vs regional median 5.36%) and ranks 32nd out of 45 countries in Asia.

Yearly Historical Data (1994-2022)

(in %)
Year Tariff Rate (%)
2022 3.71%
2021 4.22%
2020 5.56%
2019 5.68%
2018 6.65%
2017 6.51%
2016 6.4%
2015 6.18%
2014 6.63%
2013 6.7%
2012 7.12%
2010 7.29%
2009 7.97%
2008 8.01%
2007 12.14%
2006 11.9%
2005 11.78%
2004 12.54%
2003 12.74%
2002 13.43%
2001 13.81%
1999 12.33%
1994 10.14%
Vietnam Tariff Rate : Definition
Tariff Rate measures the simple average of the import taxes applied by Vietnam on all products, expressed as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $353.08B $370.91B 2023
Annual Imports $325.44B $358.79B 2023
Balance of Trade $2.9B $3.7B Sep'25
Exports $42.7B $43.4B Sep'25
Exports (% GDP) 86.47% 93.42% 2023
FDI Inflows (% GDP) 4.23% 4.26% 2024
Imports $32.9B $39.7B Sep'25
Imports (% GDP) 78.35% 89.73% 2023
Net Trade (Goods & Services, BoP) $30.71B $35.2B 2024
Trade (% GDP) 164.82% 183.15% 2023