Tariff rate, applied, simple mean, all products in South Korea
South Korea: Tariff rate, applied, simple mean, all products was 5.7% in 2022. ▼ Falling
Tariff rate, applied, simple mean, all products in South Korea, 1988–2022
Source: Staff estimates. Measured in %.
Analysis
In 2022, tariff rate, applied, simple mean, all products in South Korea stood at 5.7%.
Compared with earlier readings it is up 14.6% on the previous year and down 43.7% over ten years.
Over the whole period, tariff rate, applied, simple mean, all products in South Korea peaked at 18.8% in 1988 and was at its lowest, 5.0%, in 2021.
South Korea ranks 96th of 184 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 16.9% | 14.9% | 18.8% | 2 |
| 1990s | 10.1% | 8.3% | 13.0% | 7 |
| 2000s | 9.4% | 8.4% | 10.0% | 10 |
| 2010s | 8.3% | 5.2% | 11.1% | 9 |
| 2020s | 5.3% | 5.0% | 5.7% | 3 |
Countries ranked near South Korea
More private sector data for South Korea
- Merchandise exports 709.33 billion current US$ (2025)
- Manufactures exports 87.3% (2024)
- Food exports 1.6% (2024)
- Merchandise imports 631.89 billion current US$ (2025)
- Manufactures imports 60.1% (2024)
- Food imports 6.3% (2024)
- Merchandise trade 71.6% (2025)
- Commercial service exports 149.31 billion current US$ (2025)
- Transport services 19.5% (2025)
- Computer, communications and other services 57.4% (2025)
Frequently asked questions
- What is tariff rate, applied, simple mean, all products in South Korea?
- Tariff rate, applied, simple mean, all products in South Korea was 5.7% in 2022, according to Staff estimates.
- What is the highest tariff rate, applied, simple mean, all products recorded in South Korea?
- The highest recorded value was 18.8% in 1988.
- What is the lowest tariff rate, applied, simple mean, all products recorded in South Korea?
- The lowest recorded value was 5.0% in 2021.
- How does South Korea rank for tariff rate, applied, simple mean, all products?
- South Korea ranks 96th out of 184 countries with data for 2022.
- Is tariff rate, applied, simple mean, all products rising or falling in South Korea?
- Over the last ten years it is down 43.7%. 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, simple 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
Simple mean applied tariff is the unweighted average of effectively applied 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. 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. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs.