Korea - Tariff rate
Tariff rate, applied, simple mean, manufactured products (%)
Tariff rate, applied, simple mean, manufactured products (%) in Korea was 2.39 as of 2020. Its highest value over the past 32 years was 18.81 in 1988, while its lowest value was 2.38 in 2018.
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. 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 and the World Trade Organization’s (WTO) Integrate
See also:
| Year | Value |
|---|---|
| 1988 | 18.81 |
| 1989 | 15.08 |
| 1990 | 12.87 |
| 1992 | 10.92 |
| 1995 | 7.81 |
| 1996 | 8.17 |
| 1997 | 8.14 |
| 1998 | 8.50 |
| 1999 | 8.14 |
| 2000 | 8.05 |
| 2001 | 8.00 |
| 2002 | 7.85 |
| 2003 | 7.65 |
| 2004 | 7.28 |
| 2005 | 7.25 |
| 2006 | 7.33 |
| 2007 | 6.49 |
| 2008 | 7.31 |
| 2009 | 7.27 |
| 2010 | 7.31 |
| 2011 | 7.41 |
| 2012 | 7.22 |
| 2013 | 7.17 |
| 2014 | 3.05 |
| 2015 | 2.67 |
| 2016 | 7.29 |
| 2017 | 2.42 |
| 2018 | 2.38 |
| 2020 | 2.39 |
Tariff rate, most favored nation, simple mean, manufactured products (%)
Tariff rate, most favored nation, simple mean, manufactured products (%) in Korea was 7.49 as of 2020. Its highest value over the past 32 years was 18.68 in 1988, while its lowest value was 7.38 in 2013.
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. 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 and the World Trade Organization’s (WTO) Integrate
See also:
| Year | Value |
|---|---|
| 1988 | 18.68 |
| 1989 | 14.82 |
| 1990 | 12.70 |
| 1992 | 10.81 |
| 1995 | 7.76 |
| 1996 | 8.60 |
| 1997 | 8.55 |
| 1998 | 8.89 |
| 1999 | 8.09 |
| 2000 | 8.56 |
| 2001 | 8.41 |
| 2002 | 8.17 |
| 2003 | 7.94 |
| 2004 | 7.49 |
| 2005 | 7.50 |
| 2006 | 7.49 |
| 2007 | 7.48 |
| 2008 | 7.48 |
| 2009 | 7.40 |
| 2010 | 7.43 |
| 2011 | 7.41 |
| 2012 | 7.39 |
| 2013 | 7.38 |
| 2014 | 7.39 |
| 2015 | 7.39 |
| 2016 | 7.38 |
| 2017 | 7.50 |
| 2018 | 7.49 |
| 2020 | 7.49 |
Tariff rate, applied, weighted mean, manufactured products (%)
Tariff rate, applied, weighted mean, manufactured products (%) in Korea was 1.93 as of 2020. Its highest value over the past 32 years was 17.14 in 1988, while its lowest value was 1.93 in 2020.
Definition: Weighted mean applied tariff is the average of effectively applied 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. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. 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. 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 and the World Trade Organization’s (WTO) Integrate
See also:
| Year | Value |
|---|---|
| 1988 | 17.14 |
| 1989 | 13.72 |
| 1990 | 11.51 |
| 1992 | 9.90 |
| 1995 | 7.43 |
| 1996 | 7.71 |
| 1997 | 7.22 |
| 1998 | 6.59 |
| 1999 | 6.26 |
| 2000 | 4.98 |
| 2001 | 5.25 |
| 2002 | 5.07 |
| 2003 | 4.91 |
| 2004 | 4.55 |
| 2005 | 4.43 |
| 2006 | 4.52 |
| 2007 | 4.01 |
| 2008 | 4.08 |
| 2009 | 4.32 |
| 2010 | 4.28 |
| 2011 | 4.39 |
| 2012 | 4.55 |
| 2013 | 4.63 |
| 2014 | 2.73 |
| 2015 | 2.45 |
| 2016 | 4.65 |
| 2017 | 2.36 |
| 2018 | 2.26 |
| 2020 | 1.93 |
Tariff rate, most favored nation, weighted mean, manufactured products (%)
Tariff rate, most favored nation, weighted mean, manufactured products (%) in Korea was 6.36 as of 2020. Its highest value over the past 32 years was 17.14 in 1988, while its lowest value was 4.25 in 2008.
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. 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 and the World Trade Organization’s (WTO) Integrate
See also:
| Year | Value |
|---|---|
| 1988 | 17.14 |
| 1989 | 13.72 |
| 1990 | 11.51 |
| 1992 | 9.90 |
| 1995 | 7.43 |
| 1996 | 7.71 |
| 1997 | 7.22 |
| 1998 | 6.59 |
| 1999 | 6.26 |
| 2000 | 4.98 |
| 2001 | 5.25 |
| 2002 | 5.07 |
| 2003 | 4.94 |
| 2004 | 4.56 |
| 2005 | 4.46 |
| 2006 | 4.52 |
| 2007 | 4.34 |
| 2008 | 4.25 |
| 2009 | 4.46 |
| 2010 | 4.46 |
| 2011 | 4.61 |
| 2012 | 4.77 |
| 2013 | 4.87 |
| 2014 | 4.86 |
| 2015 | 4.80 |
| 2016 | 4.87 |
| 2017 | 6.24 |
| 2018 | 6.24 |
| 2020 | 6.36 |
Tariff rate, applied, simple mean, all products (%)
Tariff rate, applied, simple mean, all products (%) in Korea was 5.29 as of 2020. Its highest value over the past 32 years was 18.83 in 1988, while its lowest value was 5.23 in 2018.
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.
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 | 18.83 |
| 1989 | 14.89 |
| 1990 | 12.98 |
| 1992 | 11.18 |
| 1995 | 8.27 |
| 1996 | 9.83 |
| 1997 | 9.72 |
| 1998 | 10.25 |
| 1999 | 8.54 |
| 2000 | 9.84 |
| 2001 | 9.91 |
| 2002 | 9.58 |
| 2003 | 9.49 |
| 2004 | 9.12 |
| 2005 | 9.12 |
| 2006 | 9.20 |
| 2007 | 8.36 |
| 2008 | 9.76 |
| 2009 | 9.97 |
| 2010 | 10.12 |
| 2011 | 10.36 |
| 2012 | 10.18 |
| 2013 | 10.33 |
| 2014 | 5.98 |
| 2015 | 6.05 |
| 2016 | 11.12 |
| 2017 | 5.36 |
| 2018 | 5.23 |
| 2020 | 5.29 |
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 |
Tariff rate, applied, weighted mean, all products (%)
Tariff rate, applied, weighted mean, all products (%) in Korea was 5.48 as of 2020. Its highest value over the past 32 years was 15.02 in 1996, while its lowest value was 4.83 in 2018.
Definition: Weighted mean applied tariff is the average of effectively applied 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. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. 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.
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 | 13.95 |
| 1989 | 10.61 |
| 1990 | 9.54 |
| 1992 | 8.53 |
| 1995 | 6.84 |
| 1996 | 15.02 |
| 1997 | 13.45 |
| 1998 | 13.61 |
| 1999 | 5.90 |
| 2000 | 9.55 |
| 2001 | 10.41 |
| 2002 | 9.98 |
| 2003 | 9.70 |
| 2004 | 9.25 |
| 2005 | 7.95 |
| 2006 | 7.43 |
| 2007 | 7.13 |
| 2008 | 8.26 |
| 2009 | 7.80 |
| 2010 | 7.19 |
| 2011 | 7.32 |
| 2012 | 7.59 |
| 2013 | 7.85 |
| 2014 | 6.10 |
| 2015 | 5.72 |
| 2016 | 8.67 |
| 2017 | 5.05 |
| 2018 | 4.83 |
| 2020 | 5.48 |
Tariff rate, most favored nation, weighted mean, all products (%)
Tariff rate, most favored nation, weighted mean, all products (%) in Korea was 10.42 as of 2020. Its highest value over the past 32 years was 15.02 in 1996, while its lowest value was 5.90 in 1999.
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 |
|---|---|
| 1988 | 13.94 |
| 1989 | 10.61 |
| 1990 | 9.54 |
| 1992 | 8.53 |
| 1995 | 6.84 |
| 1996 | 15.02 |
| 1997 | 13.45 |
| 1998 | 13.61 |
| 1999 | 5.90 |
| 2000 | 9.55 |
| 2001 | 10.41 |
| 2002 | 9.98 |
| 2003 | 9.72 |
| 2004 | 9.27 |
| 2005 | 7.97 |
| 2006 | 7.46 |
| 2007 | 7.41 |
| 2008 | 8.37 |
| 2009 | 7.89 |
| 2010 | 7.31 |
| 2011 | 7.45 |
| 2012 | 7.72 |
| 2013 | 7.99 |
| 2014 | 7.99 |
| 2015 | 8.42 |
| 2016 | 8.83 |
| 2017 | 9.07 |
| 2018 | 9.07 |
| 2020 | 10.42 |
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 |
Tariff rate, most favored nation, simple mean, primary products (%)
Tariff rate, most favored nation, simple mean, primary products (%) in Korea was 33.26 as of 2020. Its highest value over the past 32 years was 33.72 in 1996, while its lowest value was 13.08 in 1999.
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 |
|---|---|
| 1988 | 20.54 |
| 1989 | 15.71 |
| 1990 | 16.14 |
| 1992 | 15.16 |
| 1995 | 13.60 |
| 1996 | 33.72 |
| 1997 | 32.16 |
| 1998 | 31.60 |
| 1999 | 13.08 |
| 2000 | 30.88 |
| 2001 | 31.67 |
| 2002 | 28.35 |
| 2003 | 29.58 |
| 2004 | 27.97 |
| 2005 | 28.05 |
| 2006 | 28.05 |
| 2007 | 28.30 |
| 2008 | 28.12 |
| 2009 | 27.21 |
| 2010 | 27.96 |
| 2011 | 28.09 |
| 2012 | 30.84 |
| 2013 | 30.89 |
| 2014 | 30.73 |
| 2015 | 33.06 |
| 2016 | 33.06 |
| 2017 | 33.24 |
| 2018 | 33.26 |
| 2020 | 33.26 |
Tariff rate, applied, weighted mean, primary products (%)
Tariff rate, applied, weighted mean, primary products (%) in Korea was 12.99 as of 2020. Its highest value over the past 32 years was 31.35 in 1996, while its lowest value was 5.54 in 1999.
Definition: Weighted mean applied tariff is the average of effectively applied 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. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. 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. 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 | 8.15 |
| 1989 | 5.57 |
| 1990 | 6.19 |
| 1992 | 6.26 |
| 1995 | 5.85 |
| 1996 | 31.35 |
| 1997 | 25.94 |
| 1998 | 26.49 |
| 1999 | 5.54 |
| 2000 | 17.34 |
| 2001 | 18.64 |
| 2002 | 18.94 |
| 2003 | 18.62 |
| 2004 | 17.60 |
| 2005 | 13.47 |
| 2006 | 11.42 |
| 2007 | 11.51 |
| 2008 | 13.13 |
| 2009 | 12.61 |
| 2010 | 11.03 |
| 2011 | 10.43 |
| 2012 | 10.62 |
| 2013 | 11.26 |
| 2014 | 9.66 |
| 2015 | 9.38 |
| 2016 | 16.27 |
| 2017 | 9.98 |
| 2018 | 9.54 |
| 2020 | 12.99 |
Tariff rate, most favored nation, weighted mean, primary products (%)
Tariff rate, most favored nation, weighted mean, primary products (%) in Korea was 19.05 as of 2020. Its highest value over the past 32 years was 31.35 in 1996, while its lowest value was 5.54 in 1999.
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. 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 | 8.12 |
| 1989 | 5.57 |
| 1990 | 6.19 |
| 1992 | 6.26 |
| 1995 | 5.85 |
| 1996 | 31.35 |
| 1997 | 25.94 |
| 1998 | 26.49 |
| 1999 | 5.54 |
| 2000 | 17.34 |
| 2001 | 18.64 |
| 2002 | 18.94 |
| 2003 | 18.63 |
| 2004 | 17.63 |
| 2005 | 13.49 |
| 2006 | 11.49 |
| 2007 | 11.72 |
| 2008 | 13.16 |
| 2009 | 12.64 |
| 2010 | 11.08 |
| 2011 | 10.47 |
| 2012 | 10.66 |
| 2013 | 11.30 |
| 2014 | 11.29 |
| 2015 | 12.48 |
| 2016 | 16.32 |
| 2017 | 14.32 |
| 2018 | 14.32 |
| 2020 | 19.05 |
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Tariffs
