Brazilian exports face an average import tariff of 4.6%, CNI study shows

The study “Tariff barriers faced by Brazilian exports: An international comparison,” by the National Confederation of Industry (CNI), shows that Brazilian exports are subject to import tariffs that are twice as high, on average, as those applied to countries with geographic characteristics and economic similar to those in Brazil.

The average import tariff applied to Brazilian products abroad is 4.6%, while the average of the other countries analyzed by the study is 2.3%.

Among the 18 countries selected by the study, Brazil is the one that is subject to the third-highest import tariff (4.6%) when seeking access to foreign markets. The country is only behind Argentina (5.3%) and India (4.8%).

In Latin America, except for Argentina and Brazil, other countries stand out for the low average tariff they are subject to when exporting their products: Colombia (1.2%), Chile (1.2%), Peru (1 .1%), and Mexico (0.4%).

In the BRICS group, Brazil’s tariff is the second-highest, behind India, but it is lower than that of other economies: China (3.7%), South Africa (2.4%), and Russia (2.0% ).

The study shows that Brazil has the fourth highest tariff among the selected countries when considering only industrialized products. The tariff is 3.3%, second only to those registered by India (4.4%), Indonesia (3.8%), and China (3.6%).

Source: Comex do Brasil

To read the full original article, visit the link:

https://www.comexdobrasil.com/exportacoes-brasileiras-enfrentam-tarifa-media-de-importacao-de-46-mostra-estudo-da-cni/

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