Mexico Tariff Rate

Mexico's tariff rate fell to 2.69% in 2022, down from 3.28% in 2018, according to World Bank. This represents a decrease of 0.59% from the previous year. Mexico has tariff rate lower than the global median (2.69% vs median 5.90%). Compared with the median in Americas, Mexico is lower (2.69% vs regional median 9.44%) and ranks 33rd out of 38 countries in Americas.