South Korea Export Price Growth Accelerates in January

South Korea’s export prices rose 7.8% from a year earlier in January 2026, following a downwardly revised 5.0% increase in December. The increase was largely driven by a 7.8% rise in manufactured goods prices, following a 5.0% increase the previous month. Prices for agricultural, forestry and marine products climbed 6.4% from 7.4% in December. Exports to the US continued to be affected by a 15% tariff, though overall export volumes still increased 28.3% from a year earlier. On a month-on-month basis, export prices rose 4.0%, accelerating from a 0.6% gain in December.

South Korea’s export prices rose 5.5% from a year earlier in December 2025, following a downwardly revised 6.8% increase in a month earlier. The increase was largely driven by a 5.5% rise in manufactured goods prices, following a 6.8% increase the previous month. Prices for agricultural, forestry and marine products climbed 7% from 10.4% in November. Exports to the US continued to be affected by a 15% tariff, though overall export volumes still increased 11.9% from a year earlier. On a month-on-month basis, export prices rose 1.1%, slowing from a 3.5% gain in November.

South Korea’s export prices rose 7.0% year-on-year in November 2025, following a 4.8% increase in October and reversing earlier declines. The increase was largely driven by a 7.0% rise in manufactured goods prices, following a 4.8% increase the previous month. Prices for agricultural, forestry and marine products climbed 9.4% from 8.9% in October. Exports to the US continued to feel the impact of a 15% tariff, with overall export volume increasing 6.8% year-on-year in November. On a monthly basis, export prices increased 3.7%, down from a 4.1% gain in the prior month.