Mexico: Bound rate, simple mean, all products (%)

Key figures

What the numbers say

On record, the biggest yearly rise was 0.38 percentage points in 2015 and the biggest yearly fall was 0.26 percentage points in 2002. The numbers show how large and when, not why; for the cause, look at what happened in that country in those 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, Mexico had the 13th highest value of the 35 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 Mexico in the 2022 ranking

• Colombia — 10th of 35: 42.84%
• Bolivia — 11th of 35: 39.98%
• Venezuela, RB — 12th of 35: 36.72%
• Paraguay — 14th of 35: 33.46%
• Argentina — 15th of 35: 31.78%
• Uruguay — 16th of 35: 31.67%

What this measures

Simple mean bound rate is the unweighted average of all the lines in the tariff schedule in which bound rates have been set. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable.

All 25 values

Bound rate, simple mean, all products (%) in nearby economies

• Antigua and Barbuda — 58.75% (2021)
• Argentina — 31.78% (2022)
• Barbados — 78.93% (2022)
• Belize — 59.31% (2021)
• Bolivia — 39.98% (2022)
• Brazil — 31.47% (2022)
• Chile — 25.15% (2022)
• Colombia — 42.84% (2022)
• Costa Rica — 43.05% (2021)
• Cuba — 21.77% (2022)
• Dominica

More trade data for Mexico

• Tariff rate, applied, simple mean, manufactured products (%) — 2.62% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 6.12% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 1.78% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 4.28% (2022)
• Tariff rate, applied, simple mean, all products (%) — 2.69% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 7.24% (2022)
• Tariff rate, applied, weighted mean, all products (%) — 1.62% (2022)
• Tariff rate, most favored nation, weighted mean, all products (%) — 4.75% (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 Mexico's bound rate, simple mean, all products (%)?

34.99% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 0.11 percentage points from 34.88% in 1995. The highest value was 34.99% in 2022 and the lowest 34.6% in 2013.

How does Mexico rank?

13th highest of 35 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 Bank (WB); World Integrated Trade Solution system (WITS), World Bank (WB); World Trade Organization (WTO).

Source

World Bank, World Development Indicators, indicator TM.TAX.MRCH.BR.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); World Integrated Trade Solution system (WITS), World Bank (WB); World Trade Organization (WTO) 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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