Tariff rate, most favored nation, simple mean, primary products in Republic of Korea
Republic of Korea: Tariff rate, most favored nation, simple mean, primary products was 33.4% in 2022. ▲ Rising
Tariff rate, most favored nation, simple mean, primary products in Republic of Korea, 1988–2022
Source: Staff estimates. Measured in %.
Analysis
In 2022, tariff rate, most favored nation, simple mean, primary products in Republic of Korea stood at 33.4%.
Compared with earlier readings it is up 0.5% on the previous year and up 8.3% over ten years.
Over the whole period, tariff rate, most favored nation, simple mean, primary products in Republic of Korea peaked at 33.7% in 1996 and was at its lowest, 13.1%, in 1999.
That places Republic of Korea 2nd out of 186 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently rising across the 31 years of available data.
Tariff rate, most favored nation, simple mean, primary products in Republic of Korea, year by year
| Year | % | Change |
|---|---|---|
| 1988 | 20.5% | — |
| 1989 | 15.7% | -23.5% |
| 1990 | 16.1% | +2.7% |
| 1992 | 15.2% | -6.1% |
| 1995 | 13.6% | -10.3% |
| 1996 | 33.7% | +147.9% |
| 1997 | 32.2% | -4.6% |
| 1998 | 31.6% | -1.7% |
| 1999 | 13.1% | -58.6% |
| 2000 | 30.9% | +136.1% |
| 2001 | 31.7% | +2.6% |
| 2002 | 28.4% | -10.5% |
| 2003 | 29.6% | +4.3% |
| 2004 | 28.0% | -5.4% |
| 2005 | 28.1% | +0.3% |
| 2006 | 28.1% | +0.0% |
| 2007 | 28.3% | +0.9% |
| 2008 | 28.1% | -0.6% |
| 2009 | 27.2% | -3.2% |
| 2010 | 28.0% | +2.8% |
| 2011 | 28.1% | +0.5% |
| 2012 | 30.8% | +9.8% |
| 2013 | 30.9% | +0.2% |
| 2014 | 30.7% | -0.5% |
| 2015 | 33.1% | +7.6% |
| 2016 | 33.1% | +0.0% |
| 2017 | 33.2% | +0.5% |
| 2018 | 33.3% | +0.1% |
| 2020 | 33.3% | +0.0% |
| 2021 | 33.2% | -0.1% |
| 2022 | 33.4% | +0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 18.1% | 15.7% | 20.5% | 2 |
| 1990s | 22.2% | 13.1% | 33.7% | 7 |
| 2000s | 28.8% | 27.2% | 31.7% | 10 |
| 2010s | 31.2% | 28.0% | 33.3% | 9 |
| 2020s | 33.3% | 33.2% | 33.4% | 3 |
Countries ranked near Republic of Korea
More private sector data for Republic of 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, most favored nation, simple mean, primary products in Republic of Korea?
- Tariff rate, most favored nation, simple mean, primary products in Republic of Korea was 33.4% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, simple mean, primary products recorded in Republic of Korea?
- The highest recorded value was 33.7% in 1996.
- What is the lowest tariff rate, most favored nation, simple mean, primary products recorded in Republic of Korea?
- The lowest recorded value was 13.1% in 1999.
- How does Republic of Korea rank for tariff rate, most favored nation, simple mean, primary products?
- Republic of Korea ranks 2nd out of 186 countries with data for 2022.
- Is tariff rate, most favored nation, simple mean, primary products rising or falling in Republic of Korea?
- Over the last ten years it is up 8.3%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, simple 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
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).