Korea - Share of tariff lines with international peaks, manufactured products (%)

Share of tariff lines with international peaks, manufactured products (%) in Korea was 0.37 as of 2020. Its highest value over the past 32 years was 76.48 in 1988, while its lowest value was 0.04 in 1995.

Definition: Share of tariff lines with international peaks is the share of lines in the tariff schedule with tariff rates that exceed 15 percent. It provides an indication of how selectively tariffs are applied. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

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.

See also:

Year Value
1988 76.48
1989 9.92
1990 12.01
1992 0.51
1995 0.04
1996 0.41
1997 0.38
1998 0.71
1999 0.55
2000 0.80
2001 0.72
2002 0.53
2003 0.83
2004 0.84
2005 0.88
2006 0.80
2007 0.77
2008 0.94
2009 0.84
2010 0.89
2011 0.91
2012 0.86
2013 0.78
2014 0.39
2015 0.40
2016 0.81
2017 0.38
2018 0.38
2020 0.37

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs