Korea vs Panama: Tariff rate, most favored nation, weighted mean, manufactured products
Tariff rate, most favored nation, weighted mean, manufactured products over time
- Korea
- Panama
How they compare
Panama currently reports 4.1% against 4.0% in Korea, a difference of 0.1%.
The two have swapped places 2 times across 21 shared years of data; in 1997 it was Panama ahead.
Korea ranks 129th and Panama ranks 127th of 184 countries.
Across the 4 decades both report, Korea averaged higher in 1 and Panama in 3.
Head to head by decade
| Decade | Korea | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 6.7% | 9.1% | 2.5% | Panama |
| 2000s | 4.7% | 7.4% | 2.7% | Panama |
| 2010s | 4.7% | 5.5% | 0.8% | Panama |
| 2020s | 4.8% | 4.4% | 0.5% | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tariff rate, most favored nation, weighted mean, manufactured products, Korea or Panama?
- Panama, at 4.1% against 4.0% in Korea as of 2022.
- What is the difference in tariff rate, most favored nation, weighted mean, manufactured products between Korea and Panama?
- 0.1%, with Panama ahead.
- How many years of comparable data are there for Korea and Panama?
- 21 years are reported by both, from 1997 to 2022.
- How do Korea and Panama rank globally for tariff rate, most favored nation, weighted mean, manufactured products?
- Korea ranks 129th and Panama ranks 127th of 184 countries.
- Where does this data come from?
- Staff estimates, published as Tariff rate, most favored nation, weighted mean, manufactured products (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.