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

Tariff rate, most favored nation, simple mean, primary products (%) in Panama was 8.98 as of 2020. Its highest value over the past 23 years was 17.10 in 1997, while its lowest value was 8.98 in 2020.

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
1997 17.10
1998 10.68
1999 11.70
2000 11.80
2001 11.56
2002 12.33
2003 11.78
2004 11.79
2005 11.64
2006 11.64
2007 11.44
2008 11.49
2009 11.28
2010 10.96
2011 10.74
2012 10.98
2013 10.95
2015 10.87
2020 8.98

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs