Tariff rates in South Korea
South Korea: Tariff rates was 5.66 in 2022. ▼ Falling
Tariff rates in South Korea, 1988–2022
Source: Our World in Data.
Analysis
In 2022, tariff rates in South Korea stood at 5.66.
That represents a change of up 16.7% on the previous year and down 25.4% over ten years.
Over the whole period, tariff rates in South Korea peaked at 15.02 in 1996 and was at its lowest, 4.83, in 2018.
South Korea ranks 75th 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.
Tariff rates in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1988 | 13.95 | — |
| 1989 | 10.61 | -23.9% |
| 1990 | 9.54 | -10.1% |
| 1992 | 8.53 | -10.6% |
| 1995 | 6.84 | -19.8% |
| 1996 | 15.02 | +119.6% |
| 1997 | 13.45 | -10.5% |
| 1998 | 13.61 | +1.2% |
| 1999 | 5.9 | -56.6% |
| 2000 | 9.55 | +61.9% |
| 2001 | 10.41 | +9.0% |
| 2002 | 9.98 | -4.1% |
| 2003 | 9.7 | -2.8% |
| 2004 | 9.25 | -4.6% |
| 2005 | 7.95 | -14.1% |
| 2006 | 7.43 | -6.5% |
| 2007 | 7.13 | -4.0% |
| 2008 | 8.26 | +15.8% |
| 2009 | 7.8 | -5.6% |
| 2010 | 7.19 | -7.8% |
| 2011 | 7.32 | +1.8% |
| 2012 | 7.59 | +3.7% |
| 2013 | 7.85 | +3.4% |
| 2014 | 6.1 | -22.3% |
| 2015 | 5.72 | -6.2% |
| 2016 | 8.67 | +51.6% |
| 2017 | 5.05 | -41.8% |
| 2018 | 4.83 | -4.4% |
| 2020 | 5.48 | +13.5% |
| 2021 | 4.85 | -11.5% |
| 2022 | 5.66 | +16.7% |
South Korea compared with similar countries
- South Korea's 5.66 is above the median for high income countries, which is 1.33, 4.3× the median. (64 countries reporting)
- South Korea's 5.66 is above the median for East Asia & Pacific, which is 2.97, 1.9× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Tariff rates in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +119.6% | 6.84 | 15.02 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 12.28 | 10.61 | 13.95 | 2 |
| 1990s | 10.41 | 5.9 | 15.02 | 7 |
| 2000s | 8.75 | 7.13 | 10.41 | 10 |
| 2010s | 6.7 | 4.83 | 8.67 | 9 |
| 2020s | 5.33 | 4.85 | 5.66 | 3 |
Countries ranked near South Korea
- 72 Malawi 5.95 compare
- 73 Panama 5.93 compare
- 74 French Polynesia 5.75 compare
- 76 Afghanistan 5.63 compare
- 77 Azerbaijan 5.45 compare
- 78 Saudi Arabia 5.4 compare
More reference data data for South Korea
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Burning - Crop 31.73 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Manure Management 880.21 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 12,007 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.13 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 4.37 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 5.17 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 19.85 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Enteric 6,875 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.9638 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure Management 2,038 (2050)
Frequently asked questions
- What is tariff rates in South Korea?
- Tariff rates in South Korea was 5.66 in 2022, according to Our World in Data.
- What is the highest tariff rates recorded in South Korea?
- The highest recorded value was 15.02 in 1996.
- What is the lowest tariff rates recorded in South Korea?
- The lowest recorded value was 4.83 in 2018.
- How does South Korea rank for tariff rates?
- South Korea ranks 75th out of 184 countries with data for 2022.
- Is tariff rates rising or falling in South Korea?
- Over the last ten years it is down 25.4%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from Our World in Data, published as part of Tariff rates. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Our World in Data).