Bermuda vs Republic of Korea: Tariff rate, most favored nation, simple mean, primary products
Tariff rate, most favored nation, simple mean, primary products over time
- Bermuda
- Republic of Korea
How they compare
Republic of Korea currently reports 33.4% against 29.1% in Bermuda, a difference of 4.3%.
That makes Republic of Korea's figure about 1.1 times Bermuda's.
Across all 17 years both countries report, Republic of Korea has been ahead every year.
Bermuda ranks 4th and Republic of Korea ranks 2nd of 186 countries.
Republic of Korea has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Bermuda | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 13.2% | 28.7% | 15.4% | Republic of Korea |
| 2010s | 13.8% | 31.2% | 17.5% | Republic of Korea |
| 2020s | 28.6% | 33.3% | 4.7% | Republic of Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tariff rate, most favored nation, simple mean, primary products, Bermuda or Republic of Korea?
- Republic of Korea, at 33.4% against 29.1% in Bermuda as of 2022.
- What is the difference in tariff rate, most favored nation, simple mean, primary products between Bermuda and Republic of Korea?
- 4.3%, with Republic of Korea ahead.
- How many years of comparable data are there for Bermuda and Republic of Korea?
- 17 years are reported by both, from 2001 to 2022.
- How do Bermuda and Republic of Korea rank globally for tariff rate, most favored nation, simple mean, primary products?
- Bermuda ranks 4th and Republic of Korea ranks 2nd of 186 countries.
- Where does this data come from?
- Staff estimates, published as Tariff rate, most favored nation, simple mean, primary products (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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).