Tariff rate, most favored nation, weighted mean, manufactured products in Trinidad and Tobago
Trinidad and Tobago: Tariff rate, most favored nation, weighted mean, manufactured products was 6.1% in 2022. ◆ Volatile
Tariff rate, most favored nation, weighted mean, manufactured products in Trinidad and Tobago, 1991–2022
Source: Staff estimates. Measured in %.
Analysis
The most recent figure for tariff rate, most favored nation, weighted mean, manufactured products in Trinidad and Tobago is 6.1%, measured in 2022.
That represents a change of up 1.2% on the previous year and down 35.5% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, manufactured products in Trinidad and Tobago peaked at 24.8% in 2008 and was at its lowest, 5.5%, in 2002.
That places Trinidad and Tobago 96th out of 184 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Tariff rate, most favored nation, weighted mean, manufactured products in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 14.2% | — |
| 1992 | 14.3% | +0.8% |
| 1996 | 7.2% | -49.4% |
| 1999 | 16.7% | +130.4% |
| 2001 | 6.9% | -58.7% |
| 2002 | 5.5% | -19.7% |
| 2003 | 5.9% | +6.9% |
| 2004 | 5.8% | -1.7% |
| 2005 | 11.6% | +99.8% |
| 2006 | 20.8% | +79.2% |
| 2007 | 17.5% | -15.7% |
| 2008 | 24.8% | +41.6% |
| 2010 | 9.0% | -63.8% |
| 2011 | 9.0% | +0.0% |
| 2012 | 9.5% | +5.2% |
| 2013 | 9.4% | -0.2% |
| 2021 | 6.0% | -36.1% |
| 2022 | 6.1% | +1.2% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 6.1% is above the median for high income countries, which is 3.2%, 1.9× the median. (64 countries reporting)
- Trinidad and Tobago's 6.1% is below the median for Latin America & Caribbean, which is 9.3%, 65% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.1% | 7.2% | 16.7% | 4 |
| 2000s | 12.4% | 5.5% | 24.8% | 8 |
| 2010s | 9.2% | 9.0% | 9.5% | 4 |
| 2020s | 6.1% | 6.0% | 6.1% | 2 |
Countries ranked near Trinidad and Tobago
More private sector data for Trinidad and Tobago
- Merchandise trade 48.6% (2025)
- Food imports 16.4% (2024)
- Manufactures imports 61.9% (2024)
- Merchandise imports 5.80 billion current US$ (2025)
- Food exports 8.2% (2024)
- Manufactures exports 59.1% (2024)
- Merchandise exports 6.82 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,983 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2627 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -13.71 % change on previous year (2025)
Frequently asked questions
- What is tariff rate, most favored nation, weighted mean, manufactured products in Trinidad and Tobago?
- Tariff rate, most favored nation, weighted mean, manufactured products in Trinidad and Tobago was 6.1% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, manufactured products recorded in Trinidad and Tobago?
- The highest recorded value was 24.8% in 2008.
- What is the lowest tariff rate, most favored nation, weighted mean, manufactured products recorded in Trinidad and Tobago?
- The lowest recorded value was 5.5% in 2002.
- How does Trinidad and Tobago rank for tariff rate, most favored nation, weighted mean, manufactured products?
- Trinidad and Tobago ranks 96th out of 184 countries with data for 2022.
- Is tariff rate, most favored nation, weighted mean, manufactured products rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 35.5%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, weighted mean, manufactured products (%). Statizoid updates them automatically from the source API.
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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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.