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

Tariff rate, most favored nation, simple mean, all products (%) in Korea was 14.07 as of 2020. Its highest value over the past 32 years was 19.03 in 1988, while its lowest value was 9.07 in 1995.

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.

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 19.03
1989 14.98
1990 13.43
1992 11.75
1995 9.07
1996 14.20
1997 13.83
1998 13.97
1999 9.19
2000 13.55
2001 13.61
2002 12.70
2003 12.81
2004 12.09
2005 12.12
2006 12.12
2007 12.25
2008 12.20
2009 11.92
2010 12.12
2011 12.14
2012 13.38
2013 13.39
2014 13.35
2015 13.94
2016 13.94
2017 14.07
2018 14.07
2020 14.07

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs