Colombia - Tariff rate, most favored nation, weighted mean, all products (%)

Tariff rate, most favored nation, weighted mean, all products (%) in Colombia was 7.09 as of 2020. Its highest value over the past 29 years was 12.27 in 2007, while its lowest value was 6.45 in 1991.

Definition: Weighted mean most favored nations tariff is the average of most favored nation 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. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database.

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 12.21
1996 11.19
1997 11.31
1998 11.18
1999 10.69
2000 10.98
2001 10.83
2002 11.28
2003 11.06
2004 11.39
2005 11.42
2006 12.01
2007 12.27
2008 11.62
2009 11.13
2010 11.82
2011 8.99
2012 7.65
2013 7.18
2014 7.00
2015 6.54
2016 6.98
2017 9.83
2018 7.90
2019 7.80
2020 7.09

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs