Tariff rate, most favored nation, weighted mean, all products (%) in Peru
Peru: Tariff rate, most favored nation, weighted mean, all products (%) was 2.0% in 2022. ◆ Volatile
Tariff rate, most favored nation, weighted mean, all products in Peru, 1993–2022
Source: Staff estimates. Measured in %.
Analysis
In 2022, tariff rate, most favored nation, weighted mean, all products in Peru stood at 2.0%.
That represents a change of down 7.1% on the previous year and up 4.3% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, all products in Peru peaked at 16.4% in 1993 and was at its lowest, 1.8%, in 2015.
That places Peru 179th out of 184 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, weighted mean, all products (%) in Peru, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 16.4% | — |
| 1995 | 15.3% | -6.4% |
| 1997 | 12.7% | -17.2% |
| 1998 | 12.7% | +0.1% |
| 1999 | 12.7% | -0.5% |
| 2000 | 12.8% | +1.3% |
| 2001 | 11.3% | -11.7% |
| 2002 | 9.9% | -12.4% |
| 2003 | 9.5% | -4.2% |
| 2004 | 9.8% | +3.4% |
| 2005 | 9.1% | -7.1% |
| 2006 | 6.8% | -25.2% |
| 2007 | 6.6% | -2.8% |
| 2008 | 2.6% | -60.0% |
| 2009 | 2.8% | +6.8% |
| 2010 | 2.8% | +0.0% |
| 2011 | 1.9% | -33.6% |
| 2013 | 1.9% | -1.1% |
| 2014 | 1.9% | +0.0% |
| 2015 | 1.8% | -3.2% |
| 2017 | 2.0% | +9.4% |
| 2018 | 2.0% | +0.0% |
| 2019 | 2.0% | +2.0% |
| 2020 | 2.0% | +0.0% |
| 2021 | 2.1% | +5.0% |
| 2022 | 2.0% | -7.1% |
Peru compared with similar countries
- Peru's 2.0% is below the median for upper middle income countries, which is 7.0%, 28% of the median. (53 countries reporting)
- Peru's 2.0% is below the median for Latin America & Caribbean, which is 9.2%, 21% of the median. (34 countries reporting)
Biggest year-on-year movements
Years where Tariff rate, most favored nation, weighted mean, all products (%) in Peru changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | -60.0% | 6.6% | 2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.0% | 12.7% | 16.4% | 5 |
| 2000s | 8.1% | 2.6% | 12.8% | 10 |
| 2010s | 2.0% | 1.8% | 2.8% | 8 |
| 2020s | 2.0% | 2.0% | 2.1% | 3 |
Countries ranked near Peru
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)
- Commercial service imports 15.66 billion current US$ (2025)
- Food exports 21.2% (2024)
- Manufactures exports 7.4% (2024)
- Merchandise exports 82.69 billion current US$ (2025)
- Commercial service exports 7.45 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,392 current US$ per person (2025)
Frequently asked questions
- What is tariff rate, most favored nation, weighted mean, all products in Peru?
- Tariff rate, most favored nation, weighted mean, all products in Peru was 2.0% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, all products recorded in Peru?
- The highest recorded value was 16.4% in 1993.
- What is the lowest tariff rate, most favored nation, weighted mean, all products recorded in Peru?
- The lowest recorded value was 1.8% in 2015.
- How does Peru rank for tariff rate, most favored nation, weighted mean, all products?
- Peru ranks 179th out of 184 countries with data for 2022.
- Is tariff rate, most favored nation, weighted mean, all products rising or falling in Peru?
- Over the last ten years it is up 4.3%. 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, weighted mean, all products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Weighted mean most favored nations tariff is the average of most favored nation 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. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database.