Korea - Tariff rate, most favored nation, simple mean, primary products (%)

Tariff rate, most favored nation, simple mean, primary products (%) in Korea was 33.26 as of 2020. Its highest value over the past 32 years was 33.72 in 1996, while its lowest value was 13.08 in 1999.

Definition: Simple mean most favored nation tariff rate is the unweighted average of most favored nation rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrate

See also:

Year Value
1988 20.54
1989 15.71
1990 16.14
1992 15.16
1995 13.60
1996 33.72
1997 32.16
1998 31.60
1999 13.08
2000 30.88
2001 31.67
2002 28.35
2003 29.58
2004 27.97
2005 28.05
2006 28.05
2007 28.30
2008 28.12
2009 27.21
2010 27.96
2011 28.09
2012 30.84
2013 30.89
2014 30.73
2015 33.06
2016 33.06
2017 33.24
2018 33.26
2020 33.26

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs