Tariff rate, most favored nation, simple mean, all products in Peru
Peru: Tariff rate, most favored nation, simple mean, all products was 2.5% in 2022. ◆ Volatile
Tariff rate, most favored nation, simple mean, all products in Peru, 1993–2022
Source: Staff estimates. Measured in %.
Analysis
Peru recorded 2.5% for tariff rate, most favored nation, simple mean, all products in 2022.
That represents a change of down 33.0% over ten years.
Over the whole period, tariff rate, most favored nation, simple mean, all products in Peru peaked at 17.9% in 1993 and was at its lowest, 2.4%, in 2015.
That places Peru 178th out of 186 countries with data for 2022, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Tariff rate, most favored nation, simple mean, all products in Peru, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 17.9% | — |
| 1995 | 16.5% | -7.6% |
| 1997 | 13.4% | -18.9% |
| 1998 | 13.4% | -0.2% |
| 1999 | 13.4% | +0.0% |
| 2000 | 13.7% | +2.3% |
| 2001 | 11.9% | -13.4% |
| 2002 | 10.7% | -9.5% |
| 2003 | 10.3% | -3.9% |
| 2004 | 10.7% | +4.1% |
| 2005 | 10.2% | -4.9% |
| 2006 | 10.2% | -0.1% |
| 2007 | 10.2% | +0.0% |
| 2008 | 6.1% | -40.3% |
| 2009 | 5.4% | -11.5% |
| 2010 | 5.4% | -0.4% |
| 2011 | 3.7% | -31.5% |
| 2013 | 3.4% | -8.4% |
| 2014 | 3.4% | +0.0% |
| 2015 | 2.4% | -27.4% |
| 2017 | 2.5% | +0.8% |
| 2018 | 2.5% | +0.0% |
| 2019 | 2.5% | +0.0% |
| 2020 | 2.5% | +0.0% |
| 2021 | 2.5% | +0.0% |
| 2022 | 2.5% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.9% | 13.4% | 17.9% | 5 |
| 2000s | 9.9% | 5.4% | 13.7% | 10 |
| 2010s | 3.2% | 2.4% | 5.4% | 8 |
| 2020s | 2.5% | 2.5% | 2.5% | 3 |
Countries ranked near Peru
- 175 Canada 3.0% compare
- 176 Seychelles 2.6% compare
- 177 Timor-Leste 2.5% compare
- 179 Australia 2.4% compare
- 180 New Zealand 2.0% compare
- 181 Georgia 1.6% compare
More private sector data for Peru
- Merchandise trade 42.8% (2025)
- Food imports 11.9% (2024)
- Manufactures imports 68.2% (2024)
- Merchandise imports 60.63 billion current US$ (2025)
- Food exports 21.2% (2024)
- Manufactures exports 7.4% (2024)
- Merchandise exports 82.69 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,392 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2469 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 10.68 % change on previous year (2025)
Frequently asked questions
- What is tariff rate, most favored nation, simple mean, all products in Peru?
- Tariff rate, most favored nation, simple mean, all products in Peru was 2.5% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, simple mean, all products recorded in Peru?
- The highest recorded value was 17.9% in 1993.
- What is the lowest tariff rate, most favored nation, simple mean, all products recorded in Peru?
- The lowest recorded value was 2.4% in 2015.
- How does Peru rank for tariff rate, most favored nation, simple mean, all products?
- Peru ranks 178th out of 186 countries with data for 2022.
- Is tariff rate, most favored nation, simple mean, all products rising or falling in Peru?
- Over the last ten years it is down 33.0%. The long-run trend across the full record is volatile.
- Where does this Peru data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, simple mean, all products (%). Statizoid updates them automatically from the source API.
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About this data
Simple mean most favored nation tariff rate is the unweighted average of most favored nation rates for all products subject to tariffs calculated for all traded goods. 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.