Tariff rate, applied, weighted mean, primary products in Korea
Korea: Tariff rate, applied, weighted mean, primary products was 10.9% in 2022. ▼ Falling
Tariff rate, applied, weighted mean, primary products in Korea, 1988–2022
Source: Staff estimates. Measured in %.
Analysis
Korea recorded 10.9% for tariff rate, applied, weighted mean, primary products in 2022.
The figure is down 14.0% on the previous year and up 2.5% over ten years.
Over the whole period, tariff rate, applied, weighted mean, primary products in Korea peaked at 31.4% in 1996 and was at its lowest, 5.5%, in 1999.
That places Korea 39th out of 184 countries with data for 2022, putting it in the top quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.9% | 5.6% | 8.2% | 2 |
| 1990s | 15.4% | 5.5% | 31.4% | 7 |
| 2000s | 15.3% | 11.4% | 18.9% | 10 |
| 2010s | 10.9% | 9.4% | 16.3% | 9 |
| 2020s | 12.2% | 10.9% | 13.0% | 3 |
Countries ranked near Korea
- 36 Togo 11.2% compare
- 37 Venezuela, República Bolivariana de 11.1% compare
- 38 Sri Lanka 11.0% compare
- 40 Nepal 10.8% compare
- 41 Trinidad and Tobago 10.8% compare
- 42 Iran, Islamic Republic of 10.6% compare
More private sector data for Korea
- Merchandise trade 71.6% (2025)
- Food imports 6.3% (2024)
- Manufactures imports 60.1% (2024)
- Merchandise imports 631.89 billion current US$ (2025)
- Food exports 1.6% (2024)
- Manufactures exports 87.3% (2024)
- Merchandise exports 709.33 billion current US$ (2025)
- Merchandise exports (current US$), per capita 13,724 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3788 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.76 % change on previous year (2025)
Frequently asked questions
- What is tariff rate, applied, weighted mean, primary products in Korea?
- Tariff rate, applied, weighted mean, primary products in Korea was 10.9% in 2022, according to Staff estimates.
- What is the highest tariff rate, applied, weighted mean, primary products recorded in Korea?
- The highest recorded value was 31.4% in 1996.
- What is the lowest tariff rate, applied, weighted mean, primary products recorded in Korea?
- The lowest recorded value was 5.5% in 1999.
- How does Korea rank for tariff rate, applied, weighted mean, primary products?
- Korea ranks 39th out of 184 countries with data for 2022.
- Is tariff rate, applied, weighted mean, primary products rising or falling in Korea?
- Over the last ten years it is up 2.5%. The long-run trend across the full record is falling.
- Where does this Korea data come from?
- The figures come from Staff estimates, published as part of Tariff rate, applied, weighted mean, primary 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).