Colombia - Tariff rate, most favored nation, weighted mean, primary products (%)

Tariff rate, most favored nation, weighted mean, primary products (%) in Colombia was 13.51 as of 2020. Its highest value over the past 29 years was 14.86 in 2017, while its lowest value was 7.52 in 1991.

Definition: Weighted mean most favored nations tariff is the average of most favored nation 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. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrate

See also:

Year Value
1991 7.52
1992 10.62
1994 12.08
1995 12.08
1996 12.40
1997 12.34
1998 12.93
1999 13.21
2000 12.70
2001 13.06
2002 12.99
2003 12.75
2004 13.24
2005 12.55
2006 13.40
2007 13.46
2008 12.78
2009 13.51
2010 12.88
2011 10.13
2012 8.37
2013 7.57
2014 7.68
2015 8.46
2016 8.81
2017 14.86
2018 13.20
2019 13.51
2020 13.51

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs