WTO releases 2024 edition of World Tariff Profiles

• The World Trade Organization has released the 2024 edition of the World Tariff Profiles

• The publication provides comprehensive information on tariffs and non-tariff measures imposed by over 170 countries and customs territories

• Summary tables in the report list the average maximum “bound” tariffs each country can apply to imports from other WTO members, as well as the average tariffs actually applied – detailed for both agricultural and non-agricultural sectors

The World Trade Organization (WTO) has released the 2024 edition of the World Tariff Profiles, a collaborative publication with the International Trade Centre and the United Nations Trade and Development.

The comprehensive resource details tariffs and non-tariff measures enforced by over 170 countries and customs territories.

The publication includes summary tables presenting average “bound” tariffs, which are the maximum rates that economies can apply to imports from other WTO members, as well as the average tariffs actually imposed. These tariffs are detailed for both agricultural and non-agricultural sectors.

Each economy is profiled on a single page, offering detailed data on tariffs by product groups based on the 2023 Multilateral Trade Negotiations (MTN) Categories, the WTO’s product classification system for trade statistics and policy analysis. The profiles also display tariffs imposed on the economy’s exports by its main trading partners.

In addition to tariff data, the profiles include statistics on non-tariff measures such as anti-dumping, countervailing measures, and safeguards, organized by economy and product group.

This year’s edition features a special focus on tariffs for critical minerals essential to the electric vehicle (EV) value chain. It specifically examines tariffs on cobalt, graphite, and lithium, which are vital for producing EV batteries and other renewable energy technologies.

The analysis highlights those tariffs on raw materials are generally lower than those on processed materials, with the highest tariffs often applied to final goods. This tariff escalation has hindered many developing economies from advancing into higher-value processed products.

The 2024 World Tariff Profiles is now available online, with French and Spanish editions expected by the end of August and printed copies in September.

The new data can also be accessed through the WTO Stats portal.