Belize - Tariff rate, applied, simple mean, manufactured products (%)

Tariff rate, applied, simple mean, manufactured products (%) in Belize was 9.99 as of 2020. Its highest value over the past 24 years was 20.15 in 1996, while its lowest value was 9.99 in 2020.

Definition: 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.

Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrate

See also:

Year Value
1996 20.15
1999 17.56
2001 11.65
2002 11.93
2003 11.86
2006 11.17
2007 11.04
2008 11.16
2009 11.63
2010 11.63
2011 11.02
2012 10.57
2013 10.80
2014 10.80
2015 10.70
2016 10.20
2017 10.36
2018 10.13
2019 10.17
2020 9.99

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs