Panama vs Venezuela: Tariff rate, applied, weighted mean, primary products
Tariff rate, applied, weighted mean, primary products over time
- Panama
- Venezuela
How they compare
Panama currently reports 11.2% against 11.1% in Venezuela, a difference of 0.1%.
The two have swapped places 5 times across 21 shared years of data; in 1997 it was Venezuela ahead.
Panama ranks 35th and Venezuela ranks 37th of 184 countries.
Across the 4 decades both report, Panama averaged higher in 2 and Venezuela in 2.
Head to head by decade
| Decade | Panama | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 8.9% | 13.9% | 5.0% | Venezuela |
| 2000s | 8.6% | 11.7% | 3.0% | Venezuela |
| 2010s | 10.4% | 10.0% | 0.3% | Panama |
| 2020s | 12.6% | 11.0% | 1.6% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tariff rate, applied, weighted mean, primary products, Panama or Venezuela?
- Panama, at 11.2% against 11.1% in Venezuela as of 2022.
- What is the difference in tariff rate, applied, weighted mean, primary products between Panama and Venezuela?
- 0.1%, with Panama ahead.
- How many years of comparable data are there for Panama and Venezuela?
- 21 years are reported by both, from 1997 to 2022.
- How do Panama and Venezuela rank globally for tariff rate, applied, weighted mean, primary products?
- Panama ranks 35th and Venezuela ranks 37th 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.
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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).