Bhutan: Tariff rate, applied, simple mean, manufactured products (%)

Key figures

Since 1996 it is down 10.41 percentage points from 16.77% in 1996. The World Bank has no value for 17 of the years in between; the chart leaves those gaps open rather than joining across them.

How it compares

In 2022, Bhutan had the 60th highest value of the 139 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Bhutan in the 2022 ranking

• South Africa — 57th of 139: 7.7%
• Thailand — 58th of 139: 7.61%
• Namibia — 59th of 139: 7.39%
• Saudi Arabia — 61st of 139: 5.84%
• Indonesia — 62nd of 139: 5.78%
• Malaysia — 63rd of 139: 5.54%

What this measures

Simple mean applied tariff is the unweighted average of effectively applied 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. 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. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

All 10 values

Tariff rate, applied, simple mean, manufactured products (%) in nearby economies

• Bangladesh — 12.57% (2022)
• India — 9% (2022)
• Maldives — 11.24% (2022)
• Nepal — 12.85% (2022)
• Sri Lanka — 4.36% (2021)

More trade data for Bhutan

• Import volume index (2015 = 100) — 108.5 (2024)
• Import value index (2015 = 100) — 140.5 (2024)
• Net barter terms of trade index (2015 = 100) — 126.1 (2024)
• Export volume index (2015 = 100) — 83.3 (2024)
• Export value index (2015 = 100) — 136 (2024)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 9.36% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 4.17% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 8.25% (2022)
• Tariff rate, applied, simple mean, all products (%) — 6.77% (2022)

Reading data like this

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Questions people ask

What is Bhutan's tariff rate, applied, simple mean, manufactured products (%)?

6.36% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is down 10.41 percentage points from 16.77% in 1996. The highest value was 18.27% in 2004 and the lowest 3.78% in 2021.

How does Bhutan rank?

60th highest of 139 economies with data for 2022.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Staff estimates; World Integrated Trade Solution system (WITS), World Bank (WB); Trade Analysis and Information System (TRAINS), UN Conference on Trade and Development (UNCTAD); Integrated Data Base (IDB), World Trade Organization (WTO); Consolidated Tariff Schedules (CTS), World Trade Organization….

Source

World Bank, World Development Indicators, indicator TM.TAX.MANF.SM.AR.ZS, licensed CC BY 4.0. Original source: Staff estimates; World Integrated Trade Solution system (WITS), World Bank (WB); Trade Analysis and Information System (TRAINS), UN Conference on Trade and Development (UNCTAD); Integrated Data Base (IDB), World Trade Organization (WTO); Consolidated Tariff Schedules (CTS), World Trade Organization… Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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