South Korea Export Prices Drop for 3rd Month in July

South Korea’s export prices fell 4.3% year-over-year in July 2025, following a 4.5% decline in June, marking the third consecutive month of declines.

The drop was largely driven by a sharp 4.3% fall in manufactured goods prices, which had risen 4.5% the previous month.

In contrast, prices for agricultural, forestry, and marine products accelerated, climbing 7.8% from 3.7%.

The weakness reflects mounting external challenges, including newly imposed US tariffs of up to 25% announced by President Trump, set to take effect on August 1.On a monthly basis, export prices rose 1%, rebounding from a 1.2% decline in June.