24Peaks / North America / Mexico / MFN Simple Average Tariff (%)

Mexico - MFN Simple Average Tariff (%) 7.2

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

Latest value

7.2 (2023)

Global rank

##53 of 180 economies

vs global median

1.1×

Growth since 1991

0.53×

Ranking Race — MFN Simple Average Tariff (%)

1 = global #1 · lower value ranks higher

#1#17#33#49#65#81#9719881993199820032008201320182023#3#532015 overtook Chile2023 overtook Kazakhstan
MexicoMacao SAR, ChinaSingaporeMauritiusNew Zealand

Real annual global ranks, 1988 - 2023. Mexico climbed from #3 to #53 (overtook Chile). Gaps in a lane = missing data that year.

Key events for Mexico ↓

Key Events — Mexico

Auto-detected from rank data + curated milestones

1994
Peso crisis and NAFTA curated

Tequila crisis hits weeks after NAFTA takes effect.

2000
Fell 27 places in global rank auto
2001
Fell 22 places in global rank auto
2009
Climbed 16 places in global rank auto
2009
Global crisis recession curated

Heavy US dependence drags GDP down.

2010
Climbed 18 places in global rank auto
2015
Overtook Chile in global rank auto
2020
COVID-19 recession curated

Sharp contraction with limited fiscal space.

MFN Simple Average Tariff (%), 1991-2023

World Bank WITS · % · linear scale · ranking in the race above
19912001201120236.8810.6214.3718.11
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