Colombia - Tariff rate, applied, weighted mean, all products (%)

Tariff rate, applied, weighted mean, all products (%) in Colombia was 2.40 as of 2020. Its highest value over the past 29 years was 11.91 in 1995, while its lowest value was 2.40 in 2020.

Definition: Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. 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 and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead.

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
1991 6.45
1992 10.55
1994 11.64
1995 11.91
1996 11.19
1997 11.31
1998 11.18
1999 10.68
2000 10.96
2001 10.83
2002 11.28
2003 11.06
2004 9.77
2005 9.62
2006 8.75
2007 8.82
2008 8.72
2009 8.23
2010 9.02
2011 5.51
2012 4.43
2013 4.51
2014 4.21
2015 6.54
2016 6.98
2017 4.40
2018 3.28
2019 2.92
2020 2.40

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs