South Korea vs Panama: Tariff rate for primary and manufactured products

South Korea

5.7%

in 2022

Panama

5.9%

in 2022

South Korea rank

75th

Panama rank

73rd

Tariff rate for primary and manufactured products over time

Panama currently reports 5.9% against 5.7% in South Korea, a difference of 0.3%.

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.

Indicator: Tariff rate for primary and manufactured products
Unit: %
Source: World Bank (WITS), UNCTAD (TRAINS), and World Trade Organization (WTO) (2026) – processed by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 184 places, 3,763 data points, 1988–2022
Last refreshed: 07 August 2026

Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country.