Tariff rate, applied, weighted mean, primary products in Palau

Palau: Tariff rate, applied, weighted mean, primary products was 20.3% in 2021. ◆ Volatile

Latest (2021)
20.3%
Change on year
down 1.7%
World rank
8th
of 184 countries
All-time high
350.1%
in 2019
All-time low
0.7%
in 2005
Years of data
12
2005–2021

Tariff rate, applied, weighted mean, primary products in Palau, 2005–2021

01002003004002005201320212005: 0.72 %2006: 0.72 %2010: 8.5 %2011: 8.2 %2012: 8 %2015: 12.2 %2016: 12.7 %2017: 61.6 %2018: 72.2 %2019: 350.1 %2020: 20.6 %2021: 20.3 %

Source: Staff estimates. Measured in %.

Analysis

The most recent figure for tariff rate, applied, weighted mean, primary products in Palau is 20.3%, measured in 2021.

That represents a change of down 1.7% on the previous year and up 146.6% over ten years.

Over the whole period, tariff rate, applied, weighted mean, primary products in Palau peaked at 350.1% in 2019 and was at its lowest, 0.7%, in 2005.

Palau ranks 8th of 184 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.7% 0.7% 0.7% 2
2010s 66.7% 8.0% 350.1% 8
2020s 20.4% 20.3% 20.6% 2

Countries ranked near Palau

  1. 5 Chad 23.8% compare
  2. 6 Equatorial Guinea 22.7% compare
  3. 7 Tanzania 22.4% compare
  4. 9 Barbados 20.2% compare
  5. 10 Central African Republic 20.1% compare
  6. 11 Cameroon 19.9% compare

See the full ranking of 185 places →

More private sector data for Palau

All data for Palau →

Frequently asked questions

What is tariff rate, applied, weighted mean, primary products in Palau?
Tariff rate, applied, weighted mean, primary products in Palau was 20.3% in 2021, according to Staff estimates.
What is the highest tariff rate, applied, weighted mean, primary products recorded in Palau?
The highest recorded value was 350.1% in 2019.
What is the lowest tariff rate, applied, weighted mean, primary products recorded in Palau?
The lowest recorded value was 0.7% in 2005.
How does Palau rank for tariff rate, applied, weighted mean, primary products?
Palau ranks 8th out of 184 countries with data for 2021.
Is tariff rate, applied, weighted mean, primary products rising or falling in Palau?
Over the last ten years it is up 146.6%. The long-run trend across the full record is volatile.
Where does this Palau 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.

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About this data

Indicator
Tariff rate, applied, weighted mean, primary products (%)
Unit
%
Source
Staff estimates
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
185 places, 3,798 data points, 1988–2022
Last refreshed

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).