Korea - Tariff rate, applied, simple mean, primary products (%)

Tariff rate, applied, simple mean, primary products (%) in Korea was 21.11 as of 2020. Its highest value over the past 32 years was 31.29 in 2016, while its lowest value was 11.12 in 1999.

Definition: Simple mean applied tariff is the unweighted average of effectively applied 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. 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. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs. 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
1988 19.02
1989 13.76
1990 13.81
1992 13.00
1995 11.43
1996 21.00
1997 20.31
1998 21.82
1999 11.12
2000 21.47
2001 22.43
2002 21.08
2003 21.93
2004 21.25
2005 21.52
2006 21.61
2007 20.73
2008 24.70
2009 24.89
2010 25.61
2011 26.58
2012 26.05
2013 27.25
2014 21.68
2015 24.00
2016 31.29
2017 21.21
2018 20.61
2020 21.11

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs