Worldwide weighted tariff-average, preferential status, by type of in Republic of Korea

Republic of Korea: Worldwide weighted tariff-average, preferential status, by type of was 62.1% in 2024. ▼ Falling

Latest (2024)
62.1%
Change on year
down 0.9%
World rank
2nd
of 161 countries
All-time high
85.9%
in 2005
All-time low
49.7%
in 2018
Years of data
12
2005–2024

Worldwide weighted tariff-average, preferential status, by type of in Republic of Korea, 2005–2024

0204060802005201420242005: 85.9 %2010: 81.3 %2015: 68 %2016: 66.5 %2017: 52.2 %2018: 49.7 %2019: 61.1 %2020: 52.8 %2021: 66.6 %2022: 61.2 %2023: 62.7 %2024: 62.1 %

Source: United Nations Statistics Division, SDG Global Database. Measured in %.

Analysis

The most recent figure for worldwide weighted tariff-average, preferential status, by type of in Republic of Korea is 62.1%, measured in 2024.

Compared with earlier readings it is down 0.9% on the previous year and down 8.7% over ten years.

Over the whole period, worldwide weighted tariff-average, preferential status, by type of in Republic of Korea peaked at 85.9% in 2005 and was at its lowest, 49.7%, in 2018.

Republic of Korea ranks 2nd of 161 countries on this measure, in the top 10%.

The long-run direction has been consistently falling across the 12 years of available data.

Worldwide weighted tariff-average, preferential status, by type of in Republic of Korea, year by year

Annual values for Worldwide weighted tariff-average, preferential status, by type of product (%) in Republic of Korea, 2005 to 2024.
Year % Change
2005 85.9%
2010 81.3% -5.3%
2015 68.0% -16.4%
2016 66.5% -2.2%
2017 52.2% -21.6%
2018 49.7% -4.7%
2019 61.1% +22.9%
2020 52.8% -13.6%
2021 66.6% +26.2%
2022 61.2% -8.1%
2023 62.7% +2.4%
2024 62.1% -0.9%

Averages by decade

DecadeAverage LowestHighest Years
2000s 85.9% 85.9% 85.9% 1
2010s 63.2% 49.7% 81.3% 6
2020s 61.1% 52.8% 66.6% 5

Countries ranked near Republic of Korea

  1. 1 Belize 185.8% compare
  2. 2 Republic of Korea 62.1% compare
  3. 4 Türkiye 37.2% compare
  4. 4 Türkiye 37.2% compare

See the full ranking of 198 places →

More development goals data for Republic of Korea

All data for Republic of Korea →

Frequently asked questions

What is worldwide weighted tariff-average, preferential status, by type of in Republic of Korea?
Worldwide weighted tariff-average, preferential status, by type of in Republic of Korea was 62.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest worldwide weighted tariff-average, preferential status, by type of recorded in Republic of Korea?
The highest recorded value was 85.9% in 2005.
What is the lowest worldwide weighted tariff-average, preferential status, by type of recorded in Republic of Korea?
The lowest recorded value was 49.7% in 2018.
How does Republic of Korea rank for worldwide weighted tariff-average, preferential status, by type of?
Republic of Korea ranks 2nd out of 161 countries with data for 2024.
Is worldwide weighted tariff-average, preferential status, by type of rising or falling in Republic of Korea?
Over the last ten years it is down 8.7%. The long-run trend across the full record is falling.
Where does this Republic of Korea data come from?
The figures come from United Nations Statistics Division, SDG Global Database, published as part of Worldwide weighted tariff-average, preferential status, by type of product (%). Statizoid updates them automatically from the source API.

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Worldwide weighted tariff-average, preferential status, by type of in Republic of Korea. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 05 September 2026, from https://development-goals.statizoid.com/stat/worldwide-weighted-tariff-average-preferential-status-by-type-of-product-percent/korea-rep/

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About this data

Indicator
Worldwide weighted tariff-average, preferential status, by type of product (%)
Unit
%
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
198 places, 2,227 data points, 2005–2024
Last refreshed