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Peru Tariff Rate

Peru's tariff rate rose to 1.1% in 2022, up from 1.08% in 2021, according to World Bank. This represents an increase of 0.02% from the previous year. Peru has the 10th lowest tariff rate. Within Americas, it ranks 37th out of 38 countries.

Yearly Historical Data (1993-2022)

(in %)
Year Tariff Rate (%)
2022 1.1%
2021 1.08%
2020 1.14%
2019 1.27%
2018 1.25%
2017 1.38%
2015 2.81%
2014 2.8%
2013 2.88%
2011 3.12%
2010 4.74%
2009 4.54%
2008 4.69%
2007 8.48%
2006 8.56%
2005 9.19%
2004 9.76%
2003 9.68%
2002 10.31%
2001 11.86%
2000 13.2%
1999 13.08%
1998 13.14%
1997 13.2%
1995 16.24%
1993 17.92%
Peru Tariff Rate : Definition
Tariff Rate measures the simple average of the import taxes applied by Peru on all products, expressed as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $74.05B $64.36B 2024
Annual Imports $55.03B $52.16B 2024
Balance of Trade $2.6B $2.2B Aug'25
Exports $7.7B $7.2B Aug'25
Exports (% GDP) 28.54% 27.14% 2024
FDI Inflows (% GDP) 1.47% 4.55% 2023
Imports $5.1B $5.1B Aug'25
Imports (% GDP) 22.94% 23.65% 2024
Net Trade (Goods & Services, BoP) $16.16B $9.19B 2024
Trade (% GDP) 51.48% 50.79% 2024