South Korea vs Panama: Tariff rate across all products
South Korea
5.7%
in 2022
Panama
5.9%
in 2022
South Korea rank
75th
Panama rank
73rd
Tariff rate across all products over time
- South Korea
- Panama
How they compare
Panama currently reports 5.9% against 5.7% in South Korea, a difference of 0.2%.
The two have swapped places 5 times across 21 shared years of data; in 1997 it was South Korea ahead.
South Korea ranks 75th and Panama ranks 73rd of 184 countries.
Across the 4 decades both report, South Korea averaged higher in 3 and Panama in 1.
Head to head by decade
| Decade | South Korea | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 11.0% | 9.0% | 1.9% | South Korea |
| 2000s | 8.7% | 7.3% | 1.4% | South Korea |
| 2010s | 7.1% | 6.1% | 1.1% | South Korea |
| 2020s | 5.3% | 6.0% | 0.7% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tariff rate across all products, South Korea or Panama?
- Panama, at 5.9% against 5.7% in South Korea as of 2022.
- What is the difference in tariff rate across all products between South Korea and Panama?
- 0.2%, with Panama ahead.
- How many years of comparable data are there for South Korea and Panama?
- 21 years are reported by both, from 1997 to 2022.
- How do South Korea and Panama rank globally for tariff rate across all products?
- South Korea ranks 75th and Panama ranks 73rd of 184 countries.
- Where does this data come from?
- World Bank (WITS), UNCTAD (TRAINS), and World Trade Organization (WTO) (2026) – processed by Our World in Data, published as Tariff rate across all products. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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.