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

Tariff rate, most favored nation, simple mean, primary products (%) in Iceland was 17.97 as of 2019. Its highest value over the past 26 years was 39.01 in 2000, while its lowest value was 2.67 in 1993.

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
1993 2.67
1996 7.26
1998 37.36
1999 30.61
2000 39.01
2001 18.86
2003 29.43
2004 33.16
2005 33.98
2006 27.60
2007 30.02
2008 23.44
2009 19.92
2010 17.49
2011 16.59
2012 15.82
2013 15.65
2014 15.90
2015 16.10
2016 16.43
2017 17.91
2019 17.97

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs