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Nepal Tariff Rate

Nepal's tariff rate rose to 13.64% in 2022, up from 13.1% in 2021, according to World Bank. This represents an increase of 0.54% from the previous year. Nepal has the 19th highest tariff rate. Within Asia, it ranks 2nd out of 45 countries.

Yearly Historical Data (1993-2022)

(in %)
Year Tariff Rate (%)
2022 13.64%
2021 13.1%
2020 12.1%
2019 20.2%
2018 12.79%
2016 12.65%
2015 12.63%
2014 12.66%
2013 11.82%
2012 12.85%
2011 13.15%
2010 12.98%
2009 12.77%
2008 15.07%
2007 13.05%
2006 13.11%
2005 14.72%
2004 14.82%
2003 14.87%
2002 14.66%
2000 14.41%
1999 14.36%
1998 21.67%
1993 20.87%
Nepal Tariff Rate : Definition
Tariff Rate measures the simple average of the import taxes applied by Nepal on all products, expressed as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $1.3B $1.67B 2022
Annual Imports $13.74B $15.83B 2022
Exports (% GDP) 7.62% 7.01% 2024
FDI Inflows (% GDP) 0.17% 0.18% 2024
Imports (% GDP) 32.91% 34.56% 2024
Net Trade (Goods & Services, BoP) -$14.03B -$11.62B 2024
Trade (% GDP) 40.53% 41.57% 2024