Americas Tariff Rate Ranking (2022)
In 2022, tariff rate in the Americas was highest in the Bahamas at 26.31%, followed by Cayman Islands at 22.79% and Bermuda at 22.29%. The average tariff rate across countries in the Americas was 8.82%, the median was 9.44%, and Chile recorded the lowest tariff rate at 1.03%, according to the World Bank.
Data is available for the period 1988 to 2022 across 38 countries in Americas.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 26.31% | 23.66% | 2022 | |
| 2 | 22.79% | 23.03% | 2021 | |
| 3 | 22.29% | 22.24% | 2022 | |
| 4 | 13.29% | 13.2% | 2022 | |
| 5 | 12.92% | 10.55% | 2022 | |
| 6 | 12.74% | 13.05% | 2022 | |
| 7 | 12.39% | 12.39% | 2021 | |
| 8 | 12.02% | 11.87% | 2022 | |
| 9 | 11.95% | 11.9% | 2022 | |
| 10 | 11.87% | 9.53% | 2022 | |
| 11 | 10.6% | 10.44% | 2022 | |
| 12 | 10.36% | 10.43% | 2020 | |
| 13 | 10.03% | 14.3% | 2020 | |
| 14 | 9.98% | 10.92% | 2021 | |
| 15 | 9.91% | 10.15% | 2022 | |
| 16 | 9.9% | 9.88% | 2022 | |
| 17 | 9.83% | 9.83% | 2022 | |
| 18 | 9.72% | 8.95% | 2022 | |
| 19 | 9.72% | 9.78% | 2022 | |
| 20 | 9.16% | 9.28% | 2022 | |
| 21 | 9.02% | 10.42% | 2022 | |
| 22 | 8.93% | 8.71% | 2020 | |
| 23 | 8.27% | 8.11% | 2022 | |
| 24 | 7.82% | 7.7% | 2022 | |
| 25 | 6.39% | 6.33% | 2020 | |
| 26 | 5.93% | 5.99% | 2022 | |
| 27 | 4.48% | 5.53% | 2022 | |
| 28 | 3.55% | 3.19% | 2022 | |
| 29 | 3.12% | 3% | 2022 | |
| 30 | 3.09% | 3.28% | 2022 | |
| 31 | 2.98% | 3.04% | 2022 | |
| 32 | 2.72% | 2.79% | 2022 | |
| 33 | 2.69% | 3.28% | 2022 | |
| 34 | 2.63% | 2.77% | 2022 | |
| 35 | 1.83% | 2.06% | 2022 | |
| 36 | 1.63% | 3.36% | 2022 | |
| 37 | 1.1% | 1.08% | 2022 | |
| 38 | 1.03% | 1.07% | 2022 |
Americas Tariff Rate Ranking (2022) : Definition
Tariff Rate measures the simple average of applied ad valorem tariff rates across all products in the given year, reported as a percentage.