Belize vs Equatorial Guinea: Tariff rate, applied, weighted mean, primary products
Tariff rate, applied, weighted mean, primary products over time
- Belize
- Equatorial Guinea
How they compare
Belize currently reports 38.6% against 22.7% in Equatorial Guinea, a difference of 15.9%.
That makes Belize's figure about 1.7 times Equatorial Guinea's.
Globally, Belize ranks 3rd and Equatorial Guinea ranks 6th of 184 countries.
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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).