Bhutan: Tariff rate, most favored nation, simple mean, manufactured products (%)

Key figures

Since 1996 it is down 6.09 percentage points from 15.45% 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 48th highest value of the 140 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

• Paraguay — 45th of 140: 10.34%
• Cambodia — 46th of 140: 10.13%
• Solomon Islands — 47th of 140: 9.76%
• Jordan — 49th of 140: 9.19%
• Belize — 50th of 140: 9.13%
• Guyana — 51st of 140: 8.92%

What this measures

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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

All 10 values

Tariff rate, most favored nation, simple mean, manufactured products (%) in nearby economies

• Bangladesh — 13.47% (2022)
• India — 11.57% (2022)
• Maldives — 12.77% (2022)
• Nepal — 12.55% (2022)
• Sri Lanka — 4.12% (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, applied, simple mean, manufactured products (%) — 6.36% (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, most favored nation, simple mean, manufactured products (%)?

9.36% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is down 6.09 percentage points from 15.45% in 1996. The highest value was 18.63% in 2004 and the lowest 9.3% in 2021.

How does Bhutan rank?

48th highest of 140 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.FN.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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