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Trinidad & Tobago Tariff Rate

Trinidad & Tobago's tariff rate fell to 9.02% in 2022, down from 10.42% in 2021, according to World Bank. This represents a decrease of 1.4% from the previous year. Trinidad & Tobago has tariff rate higher than the global median (9.02% vs median 5.90%). Compared with the median in Americas, Trinidad & Tobago is lower (9.02% vs regional median 9.44%) and ranks 21st out of 38 countries in Americas.

Yearly Historical Data (1991-2022)

(in %)
Year Tariff Rate (%)
2022 9.02%
2021 10.42%
2013 11.43%
2012 11.47%
2011 11.94%
2010 11.94%
2008 8.76%
2007 8.81%
2006 9.98%
2005 10.46%
2004 10.54%
2003 9.78%
2002 9.74%
2001 9.95%
1999 19.88%
1996 12.07%
1992 19.21%
1991 18.73%
Trinidad & Tobago Tariff Rate : Definition
Tariff Rate measures the simple average of the import taxes applied by Trinidad & Tobago on all products, expressed as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $7.91B $7.82B 2024
Annual Imports $7.67B $9.11B 2024
FDI Inflows (% GDP) -3.94% -6.1% 2024
Net Trade (Goods & Services, BoP) $896.6M $2.33B 2024