Oceania Tariff Rate Ranking (2022)
In 2021, tariff rate in Oceania was highest in Nauru at 16.27%, followed by Samoa at 11.92% and the Solomon Islands at 11.90%. The average tariff rate across countries in Oceania was 8.43%, the median was 8.34%, and Australia recorded the lowest tariff rate at 2.01%, according to the World Bank.
Data is available for the period 1988 to 2022 across 12 countries in Oceania.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 16.27% | 17.59% | 2021 | |
| 2 | 11.92% | 12.93% | 2020 | |
| 3 | 11.9% | 10.11% | 2022 | |
| 4 | 11.47% | 10.84% | 2022 | |
| 5 | 9.84% | 9.53% | 2022 | |
| 6 | 8.8% | 8.5% | 2017 | |
| 7 | 7.84% | 14.97% | 2021 | |
| 8 | 7.62% | 6.88% | 2021 | |
| 9 | 6.8% | 6.78% | 2021 | |
| 10 | 4.34% | 4.57% | 2021 | |
| 11 | 2.27% | 1.91% | 2022 | |
| 12 | 2.01% | 1.93% | 2022 |
Oceania 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.