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

Key figures

What the numbers say

In 2022, Vanuatu's tariff rate, most favored nation, simple mean, manufactured products (%) fell 0.19 percentage points on 2021 (from 7.81% to 7.62%).

Across the 10 yearly changes before that (2003 to 2021), the average change was −0.03 percentage points and a typical year strayed about 0.13 percentage points from that (the standard deviation). This year's change was 1.2 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 0.11 percentage points in 2007 and the biggest yearly fall was 0.37 percentage points in 2003. 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, Vanuatu had the 66th 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 Vanuatu in the 2022 ranking

• Azerbaijan — 63rd of 140: 7.92%
• Lao PDR — 64th of 140: 7.85%
• Thailand — 65th of 140: 7.66%
• Korea, Rep. — 67th of 140: 7.06%
• China — 68th of 140: 6.8%
• Bosnia and Herzegovina — 69th of 140: 6.37%

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 15 values

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

• Australia — 2.93% (2022)
• Brunei Darussalam — 0.24% (2022)
• Cambodia — 10.13% (2022)
• China — 6.8% (2022)
• Fiji — 6.65% (2021)
• French Polynesia — 9.85% (2021)
• Hong Kong SAR, China — 0% (2022)
• Indonesia — 8.41% (2022)
• Japan

More trade data for Vanuatu

• Import volume index (2015 = 100) — 131.3 (2024)
• Import value index (2015 = 100) — 164.1 (2024)
• Net barter terms of trade index (2015 = 100) — 107.7 (2024)
• Export volume index (2015 = 100) — 116.8 (2024)
• Export value index (2015 = 100) — 157.2 (2024)
• Tariff rate, applied, simple mean, manufactured products (%) — 9.34% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 9.11% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 9.11% (2022)
• Tariff rate, applied, simple mean, all products (%) — 11.47% (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 Vanuatu's tariff rate, most favored nation, simple mean, manufactured products (%)?

7.62% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is down 6.55 percentage points from 14.17% in 2002. The highest value was 14.17% in 2002 and the lowest 7.62% in 2022.

How does Vanuatu rank?

66th highest of 140 economies with data for 2022.

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

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.