Korea vs Lao People's Democratic Republic: Tariff rate, most favored nation, weighted mean, all products
Tariff rate, most favored nation, weighted mean, all products over time
- Korea
- Lao People's Democratic Republic
How they compare
Korea currently reports 8.7% against 8.4% in Lao People's Democratic Republic, a difference of 0.3%.
The two have swapped places 1 time across 15 shared years of data; in 2000 it was Lao People's Democratic Republic ahead.
Korea ranks 72nd and Lao People's Democratic Republic ranks 75th of 184 countries.
Across the 3 decades both report, Korea averaged higher in 1 and Lao People's Democratic Republic in 2.
Head to head by decade
| Decade | Korea | Lao People's Democratic Republic | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 8.6% | 13.5% | 4.8% | Lao People's Democratic Republic |
| 2010s | 8.7% | 8.7% | 0.0% | Lao People's Democratic Republic |
| 2020s | 9.3% | 8.6% | 0.7% | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tariff rate, most favored nation, weighted mean, all products, Korea or Lao People's Democratic Republic?
- Korea, at 8.7% against 8.4% in Lao People's Democratic Republic as of 2022.
- What is the difference in tariff rate, most favored nation, weighted mean, all products between Korea and Lao People's Democratic Republic?
- 0.3%, with Korea ahead.
- How many years of comparable data are there for Korea and Lao People's Democratic Republic?
- 15 years are reported by both, from 2000 to 2022.
- How do Korea and Lao People's Democratic Republic rank globally for tariff rate, most favored nation, weighted mean, all products?
- Korea ranks 72nd and Lao People's Democratic Republic ranks 75th of 184 countries.
- Where does this data come from?
- Staff estimates, published as Tariff rate, most favored nation, weighted mean, all 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 most favored nations tariff is the average of most favored nation 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. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database.