An intercooler pipe that improves noise, vibration, and harshness (NVH) performance is provided. The intercooler pipe includes a plurality of bellowses, wherein an exterior of the bellows is made of a soft material and an inside thereof is made of a hard material to make a storage modulus of the inside of the bellows greater than that of the exterior thereof. In addition, the intercooler pipe improves the durability of an intercooler pipe.