South Korea's import prices rose 20.6% year-on-year in June 2026, easing from an upwardly revised 25.4% increase in May. Price gains were led by mining products, which climbed 25.2%, driven by higher costs for coal, crude petroleum and natural gas (23.3%), as well as metallic and non-metallic mineral products (36.8%). Prices for manufactured goods also increased, with coal and petroleum products up 38.9% and basic metal products rising 34.3%. Meanwhile, prices for agricultural, forestry, and marine products increased 15.2%. By end use, intermediate goods recorded the largest increase, rising 25.4%, followed by raw materials (24.1%) and capital goods (7.7%). On a monthly basis, the Import Price Index fell 4.4%. source: The Bank of Korea

Import Prices YoY in South Korea decreased to 20.60 percent in June from 25.40 percent in May of 2026. Import Prices YoY in South Korea averaged 6.81 percent from 1972 until 2026, reaching an all time high of 64.80 percent in February of 1980 and a record low of -29.90 percent in February of 1999. This page includes a chart with historical data for South Korea Import Prices YoY. South Korea Import Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

Import Prices YoY in South Korea decreased to 20.60 percent in June from 25.40 percent in May of 2026. Import Prices YoY in South Korea is expected to be 15.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Import Prices YoY is projected to trend around 3.00 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-15 09:00 PM
Import Prices YoY
May 24.8% 20.5% 30.5%
2026-07-14 09:00 PM
Import Prices YoY
Jun 20.6% 25.4% 23%
2026-08-13 09:00 PM
Import Prices YoY
Jul 20.6% 31.0%


Related Last Previous Unit Reference
CPI 116.52 119.99 points Jul 2026
Core Consumer Prices 118.18 118.06 points Jul 2026
Core Inflation Rate 2.50 2.40 percent Jul 2026
CPI Housing Utilities 115.16 118.55 points Jul 2026
CPI Transportation 115.82 126.82 points Jul 2026
Export Prices 188.90 188.82 points Jun 2026
Export Prices YoY 48.90 47.10 percent Jun 2026
Food Inflation 0.90 2.00 percent Jul 2026
GDP Deflator 128.80 117.00 points Mar 2026
Import Prices 161.34 168.78 points Jun 2026
Import Prices YoY 20.60 25.40 percent Jun 2026
Inflation Expectations 2.70 2.80 percent Jul 2026
Inflation Rate YoY 2.80 3.20 percent Jul 2026
Inflation Rate MoM -0.20 0.10 percent Jul 2026
PPI MoM 0.00 1.00 percent Jun 2026
Producer Prices 130.03 129.98 points Jun 2026
PPI YoY 8.60 8.60 percent Jun 2026


South Korea Import Prices YoY
In South Korea, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.
Actual Previous Highest Lowest Dates Unit Frequency
20.60 25.40 64.80 -29.90 1972 - 2026 percent Monthly
2020=100, NSA

News Stream
South Korea Import Price Growth Eases in June
South Korea's import prices rose 20.6% year-on-year in June 2026, easing from an upwardly revised 25.4% increase in May. Price gains were led by mining products, which climbed 25.2%, driven by higher costs for coal, crude petroleum and natural gas (23.3%), as well as metallic and non-metallic mineral products (36.8%). Prices for manufactured goods also increased, with coal and petroleum products up 38.9% and basic metal products rising 34.3%. Meanwhile, prices for agricultural, forestry, and marine products increased 15.2%. By end use, intermediate goods recorded the largest increase, rising 25.4%, followed by raw materials (24.1%) and capital goods (7.7%). On a monthly basis, the Import Price Index fell 4.4%.
2026-07-14
South Korea Import Prices Rise in May
South Korea’s import prices rose 24.8% year-on-year in May 2026, accelerating from a 20.2% increase in April. Price gains were led by raw materials, which climbed 38.9%, driven by a 42.4% increase in mining product prices. Intermediate goods prices rose 26.8%, reflecting sharp increases in coal and petroleum products (73.1%), basic metal products (32.8%), chemical products (26.1%), and computers, electronic and optical equipment (23.2%). Meanwhile, prices of capital goods increased 4.8%, while consumer goods prices rose 6.3%.
2026-06-15
South Korea Import Prices Rise in April
South Korea’s import prices rose 20.2% year-on-year in April 2026, easing slightly from a 20.4% increase in March. Price gains were led by mining products, which surged 36.5%, driven by higher prices for coal, crude petroleum and natural gas (38%), as well as metallic and non-metallic mineral products (30.7%). Manufactured goods prices rose 15.3%, supported by sharp increases in coal and petroleum products (67%) and basic metal products (26.3%). Meanwhile, prices for agricultural, forestry and marine products increased at a more moderate pace of 4.4%, mainly driven by livestock (13.3%) and forest products (6.2%).
2026-05-14