15 Countries With The Largest (Highest) Import Tariff Rates

    Conceivably, import tariffs are relatively insignificant taxes levied by a country’s government on goods that’re manufactured abroad and brought into said country; just as domestic manufacturers and consumers usually pay taxes when they buy and sell goods, business professionals that bring foreign products into a nation must typically pay some taxes as well (depending upon what’s imported and from where, with respect domestic laws).

    In practice, however, many countries use import tariffs to protect certain local industries (by making foreign products uncompetitive due to the levied import tax), raise tremendous amounts of cash, and protect state-operated monopolies.

    Let’s take a look at some of these countries now, in the following list of the world’s 15 largest import tariffs!

     

    15. Venezuela—11.8% Import Tariff

    Despite international pressure, a runaway socialist regime has usurped power in Venezuela, and the resulting debilitating regulations have affected most every sector of the market, including imports.


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    14. Ethiopia—13% Import Tariff

    Ethiopia’s oppressive regime has, in an effort to secure consistent and readily available funds, placed colossal import tariffs on goods.


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    13. India—13% Import Tariff

    India’s population is the second largest in the world, and the nation’s government officials have long tried to boost the domestic market and wages to offset this excess of labor; one of the ways they’ve done so is by establishing import tariffs.


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    12. Gabon—13.4% Import Tariff

    A relatively stable and oil-rich Central African nation, Gabon features one of the most sizable general import tariffs in the world, owing to its relatively closed-off economy and longtime financial reliance upon France (Gabon gained its independence from France in 1960).


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    11. Bangladesh—13.5% Import Tariff

    Bangladesh’s government has established a considerable import tariff, probably to protect the domestic market from nearby cheap labor (India and Myanmar border Bangladesh to the west and east, respectively).


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    10. Egypt—13.6% Import Tariff

    Similarly to Bangladesh, but even more so, Egypt is surrounded by cheap labor; allowing duty-free imports into the country would therefore undercut Egyptian manufacturers.


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    9. Sierra Leone—13.8% Import Tariff

    Impoverished and led by consistently unaccountable leaders, Sierra Leone has instituted a massive 13.8% import tariff, generally to fund the present regime (other tax revenue is almost non-existent).


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    8. Barbados—14.2% Import Tariff

    Barbados boasts a solid tourism industry, and in an effort to capitalize on this economic sphere and encourage investments, the government has instituted a sizable import tariff.


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    7. Chad—14.3% Import Tariff

    Chad is one of the most corrupt nations in Africa and the world, and its large import tariff has been established to draw funds to the (often-opposed) government.


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    6. Zimbabwe—14.6% Import Tariff

    Like many of the other listed African nations, Zimbabwe’s government is corrupt, and the country’s massive tariff is designed to keep these less-than-desirable regimes funded and in power.


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    5. Pakistan—16.6% Import Tariff

    Pakistan’s high import tariff is likely a result of its proximity to some of the world’s leading exporters, including India, China, and Vietnam.


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4 thoughts on “15 Countries With The Largest (Highest) Import Tariff Rates”

  1. Hello
    I was expecting to see Algeria in here. can take some time to check this country, seems like anyone i hear talking about import taxes they just seems crazy high. i m Algerian by the way.

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