South Korea vs Mongolia: Bound rate, simple mean, all products
South Korea
16.6%
in 2021
Mongolia
17.6%
in 2021
South Korea rank
97th
Mongolia rank
96th
Bound rate, simple mean, all products over time
- South Korea
- Mongolia
How they compare
Mongolia currently reports 17.6% against 16.6% in South Korea, a difference of 1.0%.
That makes Mongolia's figure about 1.1 times South Korea's.
The two have swapped places 2 times across 19 shared years of data; in 1999 it was Mongolia ahead.
Globally, South Korea ranks 97th and Mongolia ranks 96th of 157 countries.
Individual pages
About this data
Simple mean bound rate is the unweighted average of all the lines in the tariff schedule in which bound rates have been set. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable.