Tariff rate, most favored nation, weighted mean, all products (%) in Vietnam
Vietnam: Tariff rate, most favored nation, weighted mean, all products (%) was 5.0% in 2022. ▼ Falling
Tariff rate, most favored nation, weighted mean, all products in Vietnam, 1994–2022
Source: Staff estimates. Measured in %.
Analysis
The most recent figure for tariff rate, most favored nation, weighted mean, all products in Vietnam is 5.0%, measured in 2022. That is the lowest value across all 23 years on record.
That represents a change of down 5.7% on the previous year and unchanged over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, all products in Vietnam peaked at 19.2% in 1999 and was at its lowest, 5.0%, in 2012.
Vietnam ranks 123rd of 184 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
Tariff rate, most favored nation, weighted mean, all products (%) in Vietnam, year by year
| Year | % | Change |
|---|---|---|
| 1994 | 15.2% | — |
| 1999 | 19.2% | +26.4% |
| 2001 | 15.3% | -20.4% |
| 2002 | 15.1% | -1.4% |
| 2003 | 12.7% | -15.9% |
| 2004 | 12.6% | -0.4% |
| 2005 | 12.7% | +0.8% |
| 2006 | 11.7% | -8.0% |
| 2007 | 11.4% | -2.7% |
| 2008 | 6.1% | -46.3% |
| 2009 | 7.9% | +28.8% |
| 2010 | 6.5% | -17.9% |
| 2012 | 5.0% | -23.0% |
| 2013 | 5.4% | +7.8% |
| 2014 | 5.4% | +0.9% |
| 2015 | 5.8% | +6.3% |
| 2016 | 5.8% | -0.2% |
| 2017 | 5.9% | +2.3% |
| 2018 | 9.0% | +52.6% |
| 2019 | 5.6% | -37.6% |
| 2020 | 5.3% | -5.4% |
| 2021 | 5.3% | -0.4% |
| 2022 | 5.0% | -5.7% |
Vietnam compared with similar countries
- Vietnam's 5.0% is below the median for upper middle income countries, which is 7.0%, 71% of the median. (53 countries reporting)
- Vietnam's 5.0% is below the median for East Asia & Pacific, which is 5.8%, 85% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.2% | 15.2% | 19.2% | 2 |
| 2000s | 11.7% | 6.1% | 15.3% | 9 |
| 2010s | 6.0% | 5.0% | 9.0% | 9 |
| 2020s | 5.2% | 5.0% | 5.3% | 3 |
Countries ranked near Vietnam
- 120 North Macedonia 5.2% compare
- 121 Russia 5.1% compare
- 122 Costa Rica 5.1% compare
- 124 Palestine 4.9% compare
- 125 Uzbekistan 4.9% compare
- 126 Bahrain 4.8% compare
More private sector data for Vietnam
- Merchandise trade 180.0% (2025)
- Food imports 8.8% (2023)
- Manufactures imports 74.7% (2023)
- Merchandise imports 453.78 billion current US$ (2025)
- Commercial service imports 40.54 billion current US$ (2025)
- Food exports 9.4% (2023)
- Manufactures exports 85.0% (2023)
- Merchandise exports 472.93 billion current US$ (2025)
- Commercial service exports 30.31 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,655 current US$ per person (2025)
Frequently asked questions
- What is tariff rate, most favored nation, weighted mean, all products in Vietnam?
- Tariff rate, most favored nation, weighted mean, all products in Vietnam was 5.0% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, all products recorded in Vietnam?
- The highest recorded value was 19.2% in 1999.
- What is the lowest tariff rate, most favored nation, weighted mean, all products recorded in Vietnam?
- The lowest recorded value was 5.0% in 2012.
- How does Vietnam rank for tariff rate, most favored nation, weighted mean, all products?
- Vietnam ranks 123rd out of 184 countries with data for 2022.
- Is tariff rate, most favored nation, weighted mean, all products rising or falling in Vietnam?
- Over the last ten years it is unchanged. The long-run trend across the full record is falling.
- Where does this Vietnam data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, weighted mean, all products (%). Statizoid updates them automatically from the source API.
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About this data
Weighted mean most favored nations tariff is the average of most favored nation rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database.