European Union: Binding coverage, manufactured products (%)

Key figures

What the numbers say

On record, the biggest yearly fall was 100 percentage points in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 there is no clear straight-line trend: a straight line explains 27% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

What this measures

Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

All 28 values

Binding coverage, manufactured products (%) in nearby economies

• Bahrain — 0% (2022)
• Egypt, Arab Rep. — 99.44% (2019)
• Israel — 71.45% (2022)
• Jordan — 100% (2022)
• Kuwait — 99.97% (2022)
• Malta — 0% (2022)
• Morocco — 100% (2021)
• Oman — 0% (2022)
• Pakistan — 0% (2022)
• Qatar — 0% (2022)
• Saudi Arabia

More trade data for European Union

• Tariff rate, applied, simple mean, manufactured products (%) — 1.44% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 4.03% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 1.64% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 3.24% (2022)
• Tariff rate, applied, simple mean, all products (%) — 1.95% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 5.24% (2022)
• Tariff rate, applied, weighted mean, all products (%) — 1.33% (2022)
• Tariff rate, most favored nation, weighted mean, all products (%)

Reading data like this

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Questions people ask

What is European Union's binding coverage, manufactured products (%)?

0% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is down 100 percentage points from 100% in 1995. The highest value was 100% in 1995 and the lowest 0% in 2022.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); World Integrated Trade Solution system (WITS), World Bank (WB); World Trade Organization (WTO).

Source

World Bank, World Development Indicators, indicator TM.TAX.MANF.BC.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); World Integrated Trade Solution system (WITS), World Bank (WB); World Trade Organization (WTO) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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