Tariff rate, most favored nation, weighted mean, all products (%)

This indicator provides an insightful overview of trade dynamics by calculating the average most favored nation (MFN) tariff rates, reflecting the weighted contribution of individual products based on their respective import shares from different partner countries. Utilizing the Harmonized System for classification at the six- or eight-digit level, this comprehensive measure enhances the analysis of international trade policies. By aligning tariff line data with the Standard International Trade Classification (SITC) revision 3, it facilitates a clearer understanding of commodity groups and import weights. These weights, derived from the United Nations Statistics Division's Commodity Trade (Comtrade) database, serve as a critical foundation for assessing the effectiveness of trade agreements and the tariff landscape across diverse products. Source: