Tariff rate; applied; simple mean; manufactured products (%) in Australia


The Tariff rate; applied; simple mean; manufactured products (%) in Australia was last reported at 3.09 in 2010, according to a World Bank report released in 2011. The Tariff rate; applied; simple mean; manufactured products (%) in Australia was 4.64 in 2009, according to a World Bank report, published in 2010. The Tariff rate; applied; simple mean; manufactured products (%) in Australia was reported at 4.39 in 2008, according to the World Bank. Simple mean applied tariff is the unweighted average of effectively applied rates for all products subject to tariffs calculated for all traded goods. 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. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.This page includes a historical data chart, news and forecasts for Tariff rate; applied; simple mean; manufactured products (%) in Australia. Australia's economy is dominated by its services sector, yet its economic success is based on abundance of agricultural and mineral resources. Australia's comparative advantage in the export of primary products is a reflection of the natural wealth of the Australian continent and its small domestic market. The country is a major regional financial centre and a vital component of the global financial system.




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australia tariff rate applied simple mean manufactured products percent wb data


World Bank Indicators - australia - Tariffs
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Binding coverage; all products (%) in Australia 97.097.0View Chart
Binding coverage; manufactured products (%) in Australia 96.396.3View Chart
Binding coverage; primary products (%) in Australia 99.098.9View Chart
Bound rate; simple mean; all products (%) in Australia 10.010.0View Chart
Bound rate; simple mean; manufactured products (%) in Australia 12.412.4View Chart
Bound rate; simple mean; primary products (%) in Australia 2.72.6View Chart
Share of tariff lines with international peaks; all products (%) in Australia 2.75.5View Chart
Share of tariff lines with international peaks; manufactured products (%) in Australia 3.06.3View Chart
Share of tariff lines with international peaks; primary products (%) in Australia 0.40.8View Chart
Share of tariff lines with specific rates; all products (%) in Australia 0.10.1View Chart
Share of tariff lines with specific rates; manufactured products (%) in Australia 0.00.0View Chart
Share of tariff lines with specific rates; primary products (%) in Australia 0.50.8View Chart
Tariff rate; applied; simple mean; all products (%) in Australia 2.84.2View Chart
Tariff rate; applied; simple mean; manufactured products (%) in Australia 3.14.4View Chart
Tariff rate; applied; simple mean; primary products (%) in Australia 0.92.8View Chart
Tariff rate; applied; weighted mean; all products (%) in Australia 1.82.6View Chart
Tariff rate; applied; weighted mean; manufactured products (%) in Australia 2.33.3View Chart
Tariff rate; applied; weighted mean; primary products (%) in Australia 0.30.8View Chart
Tariff rate; most favored nation; simple mean; all products (%) in Australia 3.54.1View Chart
Tariff rate; most favored nation; simple mean; manufactured products (%) in Australia 4.24.2View Chart
Tariff rate; most favored nation; simple mean; primary products (%) in Australia 1.14.0View Chart
Tariff rate; most favored nation; weighted mean; all products (%) in Australia 3.33.3View Chart
Tariff rate; most favored nation; weighted mean; manufactured products (%) in Australia 4.24.2View Chart
Tariff rate; most favored nation; weighted mean; primary products (%) in Australia 0.91.1View Chart


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GLOBAL ECONOMIC NEWS
Japan's Trade Deficit Widens in April
Published: 5/23/2012 1:18:40 PM By: TradingEconomics.com, Ministry of Finance Japan
Japan posted a larger-than-expected trade deficit in April, widening from shortfalls in the previous month and a year earlier as exports of steel and plastic declined on reduced demand from China and imports of fossil fuels increased.

Bank of Japan Keeps Monetary Policy Unchanged
Published: 5/23/2012 12:57:08 PM By: TradingEconomics.com, Bank of Japan
At the Monetary Policy Meeting held on May 23rd, the Policy Board of the Bank of Japan decided, by a unanimous vote, to keep the uncollateralized overnight call rate at around 0 to 0.1 percent.

UK Inflation Down to 3% in April
Published: 5/22/2012 11:17:34 AM By: TradingEconomics.com, UK Statistics
UK CPI annual inflation stands at 3.0 per cent in April 2012, down from 3.5 per cent in March. The timing of Easter had a significant impact on the April data.

Japanese GDP Grows 1% in Q1
Published: 5/17/2012 11:20:34 AM By: TradingEconomics.com, Cabinet Office
Japan's gross domestic product (GDP) expanded 1.0 percent in January-March from the previous quarter after a revised 0.0 percent result for October-December last year. The recovery was mostly due to solid consumer spending, post-quake rebuilding and rising exports.

U.K. Unemployment Rate Down to 8.2 in March
Published: 5/16/2012 4:26:31 PM By: TradingEconomics.com, ONS
The unemployment rate was 8.2 per cent of the economically active population for January-March 2012, down 0.2 on the quarter. There were 2.63 million unemployed people, down 45,000 on the quarter.

Euro Area External Trade Surplus Widens in March
Published: 5/16/2012 2:52:37 PM By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in March 2012 gave a 8.6 bn euro surplus, compared with +1.0 bn in March 2011. The February 2012 balance was +2.3 bn, compared with -2.9 bn in February 2011. In March 2012 compared with February 2012, seasonally adjusted exports fell by 0.9% and imports by 1.1%.

Euro Area Annual Inflation Down to 2.6%
Published: 5/16/2012 2:50:32 PM By: TradingEconomics.com, Eurostat
Euro Area annual inflation was 2.6% in April 2012, down from 2.7% in March. A year earlier the rate was 2.8%. Monthly inflation was 0.5% in April 2012.

U.S. Annual Inflation Down to 2.3% in April
Published: 5/15/2012 1:35:37 PM By: TradingEconomics.com, U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.3 percent before seasonal adjustment.

U.K. Trade Deficit Narrows in March
Published: 5/15/2012 12:47:10 PM By: TradingEconomics.com, ONS
The UK’s deficit in Trade in Goods and Services narrowed to £2.7 billion in March, down £0.2 billion from £2.9 billion in February.

Canada's Unemployment Rate Up to 7.3% in April
Published: 5/11/2012 1:39:49 PM By: TradingEconomics.com, Statistics Canada
Canada's employment increased by 58,000 in April, mostly in full-time work. This was the second consecutive month of notable gains after four months of little change. With more people searching for work, the unemployment rate increased by 0.1 percentage points to 7.3%.