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

Key figures

What the numbers say

In 2022, Brazil's tariff rate, most favored nation, simple mean, manufactured products (%) did not change 0 percentage points on 2021 (from 15.14% to 15.14%).

Across the 30 yearly changes before that (1992 to 2021), the average change was −0.46 percentage points and a typical year strayed about 1.87 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 2.85 percentage points in 1998 and the biggest yearly fall was 12.75 percentage points in 1990. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 the straight-line trend is downward, about 0.00709 percentage points a year. A straight line explains 36% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2022, Brazil had the 10th 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 Brazil in the 2022 ranking

• Congo, Rep. — 7th of 140: 17.27%
• Gabon — 8th of 140: 17.27%
• Venezuela, RB — 9th of 140: 15.25%
• Argentina — 11th of 140: 14.61%
• Uganda — 12th of 140: 13.84%
• Bangladesh — 13th of 140: 13.47%

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 34 values

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

• Antigua and Barbuda — 8.86% (2021)
• Argentina — 14.61% (2022)
• Bahamas, The — 33.23% (2022)
• Barbados — 10.45% (2022)
• Belize — 9.13% (2022)
• Bolivia — 11.86% (2022)
• Chile — 5.98% (2022)
• Colombia — 6% (2022)
• Costa Rica

More trade data for Brazil

• Tariff rate, applied, simple mean, manufactured products (%) — 13.82% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 8.68% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 10.3% (2022)
• Tariff rate, applied, simple mean, all products (%) — 13.29% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 13.5% (2022)
• Tariff rate, applied, weighted mean, all products (%) — 7.26% (2022)
• Tariff rate, most favored nation, weighted mean, all products (%) — 9.06% (2022)
• Tariff rate, applied, simple mean, primary products (%) — 8.3% (2022)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Brazil's tariff rate, most favored nation, simple mean, manufactured products (%)?

15.14% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1989?

It is down 33.15 percentage points from 48.29% in 1989. The highest value was 48.29% in 1989 and the lowest 13.32% in 2007.

How does Brazil rank?

10th highest of 140 economies with data for 2022.

Is the latest change in tariff rate, most favored nation, simple mean, manufactured products (%) unusual for Brazil?

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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.