South Korea Export Price Growth Accelerates in January

South Korea’s export prices rose 10.7% from a year earlier in February 2026, following a downwardly revised 7.8% increase in January and marking the sharpest rise since June 2024. The increase was largely driven by a 10.7% rise in manufactured goods prices, following a 7.8% increase the previous month. Prices for agricultural, forestry and marine products climbed 11.9% from 6.4% in January. Exports to the US continued to be affected by a 15% tariff, though overall export volumes still increased 16.6% from a year earlier. On a month-on-month basis, export prices rose 2.1%, accelerating from a 4.0% gain 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.