South Korea vs Panama: Tariff rate, applied, weighted mean, all products
Tariff rate, applied, weighted mean, all products over time
- South Korea
- Panama
How they compare
Panama currently reports 5.9% against 5.7% in South Korea, a difference of 0.2%.
The two have swapped places 5 times across 21 shared years of data; in 1997 it was South Korea ahead.
South Korea ranks 75th and Panama ranks 73rd of 184 countries.
Across the 4 decades both report, South Korea averaged higher in 3 and Panama in 1.
Head to head by decade
| Decade | South Korea | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 11.0% | 9.0% | 1.9% | South Korea |
| 2000s | 8.7% | 7.3% | 1.4% | South Korea |
| 2010s | 7.1% | 6.1% | 1.1% | South Korea |
| 2020s | 5.3% | 6.0% | 0.7% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tariff rate, applied, weighted mean, all products, South Korea or Panama?
- Panama, at 5.9% against 5.7% in South Korea as of 2022.
- What is the difference in tariff rate, applied, weighted mean, all products between South Korea and Panama?
- 0.2%, with Panama ahead.
- How many years of comparable data are there for South Korea and Panama?
- 21 years are reported by both, from 1997 to 2022.
- How do South Korea and Panama rank globally for tariff rate, applied, weighted mean, all products?
- South Korea ranks 75th and Panama ranks 73rd of 184 countries.
- Where does this data come from?
- Staff estimates, published as Tariff rate, applied, weighted mean, all products (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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.