Mongolia - Tariff Rate, Most Favored Nation, Weighted Mean, Primary Products

Tariff rate, most favored nation, weighted mean, primary products (%) in Mongolia was reported at 7.48 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mongolia - Tariff rate, most favored nation, weighted mean, primary products - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2024.

Mongolia - Tariff Rate, Most Favored Nation, Weighted Mean, Primary Products
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).

Mongolia | World Bank Development Indicators