Tariff rate, most favored nation, simple mean, primary products (%)

This indicator reflects the average import tariff imposed under most favored nation status for primary commodities, providing a key insight into trade policy as it pertains to fundamental agricultural and mineral products. Calculated as an unweighted mean, this rate encompasses all applicable tariffs for goods classified under the Harmonized System at the six- or eight-digit level, allowing for precise categorization. The underlying data are linked to the Standard International Trade Classification (SITC) revision 3, covering commodity categories predominantly focused on raw and processed agricultural goods, as well as nonferrous metals. Understanding these tariff rates is crucial for analyzing trade competitiveness and can significantly influence international trade dynamics, market access, and economic development in exporting countries. Source: