Korea vs Trinidad and Tobago: Tariff rate, applied, weighted mean, primary products
Tariff rate, applied, weighted mean, primary products over time
- Korea
- Trinidad and Tobago
How they compare
Korea currently reports 10.9% against 10.8% in Trinidad and Tobago, a difference of 0.1%.
The two have swapped places 5 times across 17 shared years of data; in 1992 it was Trinidad and Tobago ahead.
Korea ranks 39th and Trinidad and Tobago ranks 41st of 184 countries.
Across the 4 decades both report, Korea averaged higher in 2 and Trinidad and Tobago in 2.
Head to head by decade
| Decade | Korea | Trinidad and Tobago | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 14.4% | 14.6% | 0.2% | Trinidad and Tobago |
| 2000s | 15.4% | 4.5% | 10.9% | Korea |
| 2010s | 10.8% | 8.1% | 2.7% | Korea |
| 2020s | 11.8% | 13.2% | 1.4% | Trinidad and Tobago |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tariff rate, applied, weighted mean, primary products, Korea or Trinidad and Tobago?
- Korea, at 10.9% against 10.8% in Trinidad and Tobago as of 2022.
- What is the difference in tariff rate, applied, weighted mean, primary products between Korea and Trinidad and Tobago?
- 0.1%, with Korea ahead.
- How many years of comparable data are there for Korea and Trinidad and Tobago?
- 17 years are reported by both, from 1992 to 2022.
- How do Korea and Trinidad and Tobago rank globally for tariff rate, applied, weighted mean, primary products?
- Korea ranks 39th and Trinidad and Tobago ranks 41st of 184 countries.
- Where does this data come from?
- Staff estimates, published as Tariff rate, applied, weighted mean, primary products (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).