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Bermuda - Tariff rate

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

Tariff rate, applied, simple mean, manufactured products (%) in Bermuda was 19.95 as of 2020. Its highest value over the past 13 years was 21.70 in 2019, while its lowest value was 18.80 in 2014.

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

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Year	Value
2007	19.80
2008	19.79
2009	19.74
2010	19.35
2011	19.41
2012	18.96
2013	19.11
2014	18.80
2015	19.09
2016	18.81
2017	20.48
2018	21.01
2019	21.70
2020	19.95

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

Tariff rate, most favored nation, simple mean, manufactured products (%) in Bermuda was 21.56 as of 2020. Its highest value over the past 19 years was 22.65 in 2019, while its lowest value was 19.41 in 2014.

Definition: 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.

See also:

Year	Value
2001	20.77
2005	20.18
2007	20.07
2008	20.01
2009	19.94
2010	19.52
2011	19.48
2012	19.46
2013	19.45
2014	19.41
2015	19.47
2016	19.51
2017	21.58
2018	21.91
2019	22.65
2020	21.56

Tariff rate, applied, weighted mean, manufactured products (%)

Tariff rate, applied, weighted mean, manufactured products (%) in Bermuda was 20.81 as of 2020. Its highest value over the past 13 years was 20.81 in 2020, while its lowest value was 16.70 in 2013.

Definition: Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. 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 and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. 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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

See also:

Year	Value
2007	18.75
2008	19.29
2009	18.89
2010	18.75
2011	17.19
2012	16.72
2013	16.70
2014	16.96
2015	16.92
2016	16.96
2017	19.94
2018	19.32
2019	19.35
2020	20.81

Tariff rate, most favored nation, weighted mean, manufactured products (%)

Tariff rate, most favored nation, weighted mean, manufactured products (%) in Bermuda was 20.81 as of 2020. Its highest value over the past 13 years was 20.81 in 2020, while its lowest value was 16.70 in 2013.

Definition: Weighted mean most favored nations tariff is the average of most favored nation rates weighted by the product import shares corresponding to each partner country. 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 and import weights. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

See also:

Year	Value
2007	18.75
2008	19.29
2009	18.89
2010	18.75
2011	17.19
2012	16.72
2013	16.70
2014	16.96
2015	16.92
2016	16.96
2017	19.94
2018	19.32
2019	19.35
2020	20.81

Tariff rate, applied, simple mean, all products (%)

Tariff rate, applied, simple mean, all products (%) in Bermuda was 22.26 as of 2020. Its highest value over the past 13 years was 39.96 in 2019, while its lowest value was 18.15 in 2014.

See also:

Year	Value
2007	19.34
2008	19.16
2009	19.15
2010	18.92
2011	18.92
2012	18.40
2013	18.32
2014	18.15
2015	18.70
2016	18.45
2017	19.90
2018	24.13
2019	39.96
2020	22.26

Tariff rate, most favored nation, simple mean, all products (%)

Tariff rate, most favored nation, simple mean, all products (%) in Bermuda was 23.32 as of 2020. Its highest value over the past 19 years was 28.09 in 2019, while its lowest value was 17.39 in 2013.

See also:

Year	Value
2001	19.55
2005	18.56
2007	18.39
2008	18.28
2009	18.24
2010	17.95
2011	17.92
2012	17.44
2013	17.39
2014	17.39
2015	17.47
2016	17.56
2017	19.37
2018	23.32
2019	28.09
2020	23.32

Tariff rate, applied, weighted mean, all products (%)

Tariff rate, applied, weighted mean, all products (%) in Bermuda was 24.07 as of 2020. Its highest value over the past 13 years was 103.17 in 2019, while its lowest value was 15.27 in 2014.

See also:

Year	Value
2007	18.75
2008	18.98
2009	18.68
2010	18.61
2011	17.06
2012	17.44
2013	17.23
2014	15.27
2015	18.67
2016	18.73
2017	20.85
2018	27.59
2019	103.17
2020	24.07

Tariff rate, most favored nation, weighted mean, all products (%)

Tariff rate, most favored nation, weighted mean, all products (%) in Bermuda was 24.07 as of 2020. Its highest value over the past 13 years was 103.17 in 2019, while its lowest value was 15.27 in 2014.

See also:

Year	Value
2007	18.75
2008	18.98
2009	18.68
2010	18.61
2011	17.06
2012	17.44
2013	17.23
2014	15.27
2015	18.67
2016	18.73
2017	20.85
2018	27.59
2019	103.17
2020	24.07

Tariff rate, applied, simple mean, primary products (%)

Tariff rate, applied, simple mean, primary products (%) in Bermuda was 32.43 as of 2020. Its highest value over the past 13 years was 129.47 in 2019, while its lowest value was 13.90 in 2013.

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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

See also:

Year	Value
2007	17.12
2008	16.06
2009	16.24
2010	16.82
2011	16.19
2012	15.60
2013	13.90
2014	14.62
2015	16.54
2016	16.57
2017	17.08
2018	39.42
2019	129.47
2020	32.43

Tariff rate, most favored nation, simple mean, primary products (%)

Tariff rate, most favored nation, simple mean, primary products (%) in Bermuda was 28.47 as of 2020. Its highest value over the past 19 years was 43.97 in 2019, while its lowest value was 11.41 in 2013.

Definition: 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

See also:

Year	Value
2001	15.40
2005	13.06
2007	12.74
2008	12.50
2009	12.53
2010	12.68
2011	12.66
2012	11.61
2013	11.41
2014	11.54
2015	11.67
2016	11.92
2017	12.95
2018	27.48
2019	43.97
2020	28.47

Tariff rate, applied, weighted mean, primary products (%)

Tariff rate, applied, weighted mean, primary products (%) in Bermuda was 31.32 as of 2020. Its highest value over the past 13 years was 312.08 in 2019, while its lowest value was 13.02 in 2014.

Definition: Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. 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 and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

See also:

Year	Value
2007	18.76
2008	17.94
2009	17.96
2010	18.11
2011	17.11
2012	18.84
2013	18.16
2014	13.02
2015	21.84
2016	22.46
2017	23.36
2018	48.20
2019	312.08
2020	31.32

Tariff rate, most favored nation, weighted mean, primary products (%)

Tariff rate, most favored nation, weighted mean, primary products (%) in Bermuda was 31.32 as of 2020. Its highest value over the past 13 years was 312.08 in 2019, while its lowest value was 13.02 in 2014.

Definition: Weighted mean most favored nations tariff is the average of most favored nation rates weighted by the product import shares corresponding to each partner country. 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 and import weights. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

See also:

Year	Value
2007	18.76
2008	17.94
2009	17.96
2010	18.11
2011	17.11
2012	18.84
2013	18.16
2014	13.02
2015	21.84
2016	22.46
2017	23.36
2018	48.20
2019	312.08
2020	31.32

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs