Bound rate, simple mean, primary products in Vietnam
Vietnam: Bound rate, simple mean, primary products was 13.7% in 2022. ▬ Flat
Bound rate, simple mean, primary products in Vietnam, 2007–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2022, bound rate, simple mean, primary products in Vietnam stood at 13.7%. That is the highest value across all 15 years on record.
Compared with earlier readings it is up 0.7% over ten years.
Over the whole period, bound rate, simple mean, primary products in Vietnam peaked at 13.7% in 2018 and was at its lowest, 13.4%, in 2007.
Vietnam ranks 106th of 157 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.5% | 13.4% | 13.6% | 3 |
| 2010s | 13.6% | 13.6% | 13.7% | 9 |
| 2020s | 13.7% | 13.7% | 13.7% | 3 |
Countries ranked near Vietnam
- 103 Cape Verde 16.9% compare
- 104 Seychelles 14.9% compare
- 105 Cote d'Ivoire 14.5% compare
- 107 Armenia 11.9% compare
- 108 Malaysia 11.8% compare
- 109 Saudi Arabia 11.8% compare
More private sector data for Vietnam
- Merchandise exports 472.93 billion current US$ (2025)
- Manufactures exports 85.0% (2023)
- Food exports 9.4% (2023)
- Merchandise imports 453.78 billion current US$ (2025)
- Manufactures imports 74.7% (2023)
- Food imports 8.8% (2023)
- Merchandise trade 180.0% (2025)
- Commercial service exports 25.02 billion current US$ (2024)
- Commercial service imports 35.60 billion current US$ (2024)
- Merchandise imports by the reporting economy 318.47 billion current US$ (2023)
Frequently asked questions
- What is bound rate, simple mean, primary products in Vietnam?
- Bound rate, simple mean, primary products in Vietnam was 13.7% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, primary products recorded in Vietnam?
- The highest recorded value was 13.7% in 2018.
- What is the lowest bound rate, simple mean, primary products recorded in Vietnam?
- The lowest recorded value was 13.4% in 2007.
- How does Vietnam rank for bound rate, simple mean, primary products?
- Vietnam ranks 106th out of 157 countries with data for 2022.
- Is bound rate, simple mean, primary products rising or falling in Vietnam?
- Over the last ten years it is up 0.7%. The long-run trend across the full record is flat.
- Where does this Vietnam data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Bound rate, simple mean, primary products (%). Statizoid updates them automatically from the source API.
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About this data
Simple mean bound rate is the unweighted average of all the lines in the tariff schedule in which bound rates have been set. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).