24Peaks / Asia / China / MFN Simple Average Tariff (%)

China - MFN Simple Average Tariff (%) 7.5

World Bank WITS · updated 2026-10-03 · 180 economies tracked

Latest value

7.5 (2023)

Global rank

##54 of 180 economies

vs global median

1.1×

Growth since 1992

0.18×

Ranking Race — MFN Simple Average Tariff (%)

1 = global #1 · lower value ranks higher

#1#17#33#49#65#8119881993199820032008201320182023#10#542019 overtook South Africa2023 overtook Bosnia and Herzegovina
ChinaMacao SAR, ChinaSingaporeMauritiusNew Zealand

Real annual global ranks, 1988 - 2023. China climbed from #10 to #54 (overtook South Africa). Gaps in a lane = missing data that year.

Key events for China ↓

Key Events — China

Auto-detected from rank data + curated milestones

2000
Fell 26 places in global rank auto
2001
Fell 19 places in global rank auto
2001
WTO accession curated

Joins the World Trade Organization, accelerating trade integration.

2010
World's second-largest economy curated

GDP overtakes Japan to become the world's second-largest economy.

2015
Stock market turbulence curated

Sharp equity market swings and currency pressure test the economy.

2019
Overtook South Africa in global rank auto
2023
Overtook Bosnia and Herzegovina in global rank auto

MFN Simple Average Tariff (%), 1992-2023

World Bank WITS · % · linear scale · ranking in the race above
19922012202220237.4518.9930.5342.08
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