Tariff rate, applied, simple mean, primary products (%)

This indicator provides an unweighted average of applied tariff rates specifically for primary products, representing a critical metric for understanding trade dynamics. Calculated from effectively applied tariff rates for diverse goods, the dataset utilizes the Harmonized System at the six- or eight-digit level to ensure precision in classification. By aligning tariff line data with Standard International Trade Classification (SITC) revision 3 codes, it delineates commodity groups efficiently. The resulting simple mean incorporates potential ad valorem equivalents for specific rates, enhancing comparability. Encompassing commodity sections 0-4 and division 68 (nonferrous metals), this measure reflects the trade policies impacting essential resources, providing valuable insights into market access and competitiveness on a global scale. Source: