South Korea Import Prices YoY

Name: South Korea Import Prices YoY
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

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%). source: The Bank of Korea

Import Prices YoY in South Korea decreased to 20.20 percent in April from 20.40 percent in March of 2026. Import Prices YoY in South Korea averaged 6.76 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 May of 2026.

Import Prices YoY in South Korea decreased to 20.20 percent in April from 20.40 percent in March of 2026. Import Prices YoY in South Korea is expected to be 13.00 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.

Related	Last	Previous	Unit	Reference
CPI	119.37	118.80	points	Apr 2026
Core Consumer Prices	117.38	117.00	points	Apr 2026
Core Inflation Rate	2.20	2.30	percent	Apr 2026
CPI Housing Utilities	118.24	118.05	points	Apr 2026
CPI Transportation	125.62	121.44	points	Apr 2026
Export Prices	187.40	174.92	points	Apr 2026
Export Prices YoY	40.80	29.50	percent	Apr 2026
Food Inflation	0.30	0.50	percent	Apr 2026
GDP Deflator	117.20	115.50	points	Dec 2025
Import Prices	168.12	172.16	points	Apr 2026
Import Prices YoY	20.20	20.40	percent	Apr 2026
Inflation Expectations	2.80	2.90	percent	May 2026
Inflation Rate YoY	2.60	2.20	percent	Apr 2026
Inflation Rate MoM	0.50	0.30	percent	Apr 2026
PPI MoM	2.50	1.70	percent	Apr 2026
Producer Prices	128.43	125.35	points	Apr 2026
PPI YoY	6.90	4.10	percent	Apr 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
	20.20	20.40	64.80	-29.90	1972 - 2026	percent	Monthly	2020=100, NSA

News Stream

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

South Korea Import Price Growth Sharpest Since 2022

South Korea’s import prices rose sharply by 18.4% year-on-year in March 2026, accelerating from a 1.6% increase in February (previously estimated at 1.2%). This marks the fastest growth since October 2022. On a monthly basis, import prices surged 16.1%, the strongest gain since January 1998, reflecting broad-based cost pressures as the Iran war pushes up oil prices and weakens the won. Price increases were led by a jump in raw materials (40.0% vs. -3.5% in February), including crude and other mining products. Oil-linked products such as naphtha and jet fuel also rose sharply. Intermediate goods also increased (13.2% vs. 4.8%), as did consumer goods (3.3% vs. 2.5%), while capital goods were unchanged (1.5% vs. 1.5%).

2026-04-14

South Korea Import Prices Rebound

South Korea’s import prices rose 1.2% year-on-year in February 2026, reversing a 0.9% fall in January. Price changes varied across key categories, with intermediate goods up (4.2% vs. 3.3% in January), consumer goods rising (2.5% vs. 2.5% in January), and capital goods climbing (1.6% vs. 1.9% in January), while raw material prices continued to fall, declining (3.8% vs. -9.5%). On a monthly basis, import prices rose 1.1% in February, accelerating from a 0.7% gain in the prior month.

2026-03-16