South Korea Export Price Growth Eases in September

South Korea’s export prices surged 40.9% year-over-year in September 2026, easing from a 42.4% increase in August. Prices of manufactured goods rose 41%, led by a 108.3% jump in computers, electronic and optical equipment. Coal and petroleum product prices also surged 78.2%, while chemical product prices increased 12.8%. Meanwhile, prices of agricultural, forestry, and marine products rose 26.7%. The Export Price Index fell 0.8% month-over-month. The Export Volume Index increased 11.1% year-over-year, while the Export Value Index surged 89.2%. The Net Barter Terms of Trade Index rose 25.4%.

South Korea’s export prices surged 42.4% year over year in August 2026, easing from a 48.9% increase in the previous month. Among major categories, manufactured goods prices climbed 42.4%, led by a 113.2% jump in computers, electronic and optical equipment. Prices also increased for coal and petroleum products (65.9%), basic metal products (20.2%), and chemical products (14.0%). Meanwhile, prices for agricultural, forestry and marine products rose 28.4%. On a monthly basis, the Export Price Index decreased 3.7%. The Export Volume Index rose 25.9% year over year, while the Export Value Index increased 75.8%. The Net Barter Terms of Trade Index also rose 27.1%.

South Korea’s export prices surged 49.1% year-on-year in July 2026, marking the largest increase since 1998 during the Asian financial crisis. Among major categories, manufactured goods prices climbed 49.1%, led by a 122.3% jump in computers, electronic and optical equipment. Prices also increased for coal and petroleum products (61.5%), basic metal products (28.1%), and chemical products (22.7%). Meanwhile, prices for agricultural, forestry and marine products rose 32.6%. On a monthly basis, the Export Price Index increased 1.0%. The Export Volume Index rose 14.7% year-on-year, while the Export Value Index increased 25.8%. The Net Barter Terms of Trade Index also rose 24.7%.