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

This indicator represents the average tariff rate applied to manufactured products by most favored nations, calculated through a weighted mean approach that reflects the import shares of various trading partners. By utilizing the Harmonized System of trade at nuanced six- or eight-digit levels, the data merges intricate tariff line details with Standard International Trade Classification (SITC) revision 3 codes, facilitating a robust definition of commodity groupings. Meanwhile, import weight calculations derive from the comprehensive Commodity Trade (Comtrade) database provided by the United Nations Statistics Division. It focuses on manufactured goods categorized within SITC sections 5 to 8, excluding division 68, offering valuable insights into global trade dynamics and the tariff landscape that shape international economic relations. Source: