Iceland vs Mexico: Tariff rate, applied, weighted mean, all products
Tariff rate, applied, weighted mean, all products over time
- Iceland
- Mexico
How they compare
Iceland currently reports 1.6% against 1.6% in Mexico, a difference of 0.0%.
The two have swapped places 7 times across 21 shared years of data; in 1996 it was Mexico ahead.
Iceland ranks 136th and Mexico ranks 137th of 184 countries.
Across the 4 decades both report, Iceland averaged higher in 1 and Mexico in 3.
Head to head by decade
| Decade | Iceland | Mexico | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.9% | 11.2% | 7.3% | Mexico |
| 2000s | 3.2% | 6.7% | 3.5% | Mexico |
| 2010s | 1.5% | 4.0% | 2.4% | Mexico |
| 2020s | 1.6% | 1.6% | 0.0% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tariff rate, applied, weighted mean, all products, Iceland or Mexico?
- Iceland, at 1.6% against 1.6% in Mexico as of 2022.
- What is the difference in tariff rate, applied, weighted mean, all products between Iceland and Mexico?
- 0.0%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Mexico?
- 21 years are reported by both, from 1996 to 2022.
- How do Iceland and Mexico rank globally for tariff rate, applied, weighted mean, all products?
- Iceland ranks 136th and Mexico ranks 137th of 184 countries.
- Where does this data come from?
- Staff estimates, published as Tariff rate, applied, weighted mean, all products (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead.