Tariff rate, applied, weighted mean, all products (%) in South Korea
South Korea: Tariff rate, applied, weighted mean, all products (%) was 5.7% in 2022. ▼ Falling
Tariff rate, applied, weighted mean, all products in South Korea, 1988–2022
Source: Staff estimates. Measured in %.
Analysis
The most recent figure for tariff rate, applied, weighted mean, all products in South Korea is 5.7%, measured in 2022.
Compared with earlier readings it is up 16.7% on the previous year and down 25.4% over ten years.
Over the whole period, tariff rate, applied, weighted mean, all products in South Korea peaked at 15.0% in 1996 and was at its lowest, 4.8%, in 2018.
That places South Korea 75th out of 184 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Tariff rate, applied, weighted mean, all products (%) in South Korea, year by year
| Year | % | Change |
|---|---|---|
| 1988 | 13.9% | — |
| 1989 | 10.6% | -23.9% |
| 1990 | 9.5% | -10.1% |
| 1992 | 8.5% | -10.6% |
| 1995 | 6.8% | -19.8% |
| 1996 | 15.0% | +119.6% |
| 1997 | 13.4% | -10.5% |
| 1998 | 13.6% | +1.2% |
| 1999 | 5.9% | -56.6% |
| 2000 | 9.6% | +61.9% |
| 2001 | 10.4% | +9.0% |
| 2002 | 10.0% | -4.1% |
| 2003 | 9.7% | -2.8% |
| 2004 | 9.2% | -4.6% |
| 2005 | 8.0% | -14.1% |
| 2006 | 7.4% | -6.5% |
| 2007 | 7.1% | -4.0% |
| 2008 | 8.3% | +15.8% |
| 2009 | 7.8% | -5.6% |
| 2010 | 7.2% | -7.8% |
| 2011 | 7.3% | +1.8% |
| 2012 | 7.6% | +3.7% |
| 2013 | 7.8% | +3.4% |
| 2014 | 6.1% | -22.3% |
| 2015 | 5.7% | -6.2% |
| 2016 | 8.7% | +51.6% |
| 2017 | 5.0% | -41.8% |
| 2018 | 4.8% | -4.4% |
| 2020 | 5.5% | +13.5% |
| 2021 | 4.8% | -11.5% |
| 2022 | 5.7% | +16.7% |
South Korea compared with similar countries
- South Korea's 5.7% is above the median for high income countries, which is 1.3%, 4.3× the median. (64 countries reporting)
- South Korea's 5.7% is above the median for East Asia & Pacific, which is 3.0%, 1.9× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Tariff rate, applied, weighted mean, all products (%) in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +119.6% | 6.8% | 15.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 12.3% | 10.6% | 13.9% | 2 |
| 1990s | 10.4% | 5.9% | 15.0% | 7 |
| 2000s | 8.7% | 7.1% | 10.4% | 10 |
| 2010s | 6.7% | 4.8% | 8.7% | 9 |
| 2020s | 5.3% | 4.8% | 5.7% | 3 |
Countries ranked near South Korea
- 72 Malawi 6.0% compare
- 73 Panama 5.9% compare
- 74 French Polynesia 5.8% compare
- 76 Afghanistan 5.6% compare
- 77 Azerbaijan 5.5% compare
- 78 Saudi Arabia 5.4% compare
More private sector data for South Korea
- Merchandise trade 71.6% (2025)
- Food imports 6.5% (2025)
- Manufactures imports 62.1% (2025)
- Merchandise imports 631.89 billion current US$ (2025)
- Commercial service imports 183.44 billion current US$ (2025)
- Food exports 1.7% (2025)
- Manufactures exports 88.0% (2025)
- Merchandise exports 709.33 billion current US$ (2025)
- Commercial service exports 149.31 billion current US$ (2025)
- Merchandise exports (current US$), per capita 13,724 current US$ per person (2025)
Frequently asked questions
- What is tariff rate, applied, weighted mean, all products in South Korea?
- Tariff rate, applied, weighted mean, all products in South Korea was 5.7% in 2022, according to Staff estimates.
- What is the highest tariff rate, applied, weighted mean, all products recorded in South Korea?
- The highest recorded value was 15.0% in 1996.
- What is the lowest tariff rate, applied, weighted mean, all products recorded in South Korea?
- The lowest recorded value was 4.8% in 2018.
- How does South Korea rank for tariff rate, applied, weighted mean, all products?
- South Korea ranks 75th out of 184 countries with data for 2022.
- Is tariff rate, applied, weighted mean, all products rising or falling in South Korea?
- Over the last ten years it is down 25.4%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from Staff estimates, published as part of Tariff rate, applied, weighted mean, all products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.