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 18.7% year-on-year in July 2026, easing from an upwardly revised 20.9% increase in June. Price gains were led by mining products, which climbed 24.9%, driven by higher costs for coal, crude petroleum and natural gas (23.8%), as well as metallic and non-metallic mineral products (32.3%). Prices for manufactured goods rose 16.7%, with coal and petroleum products up 35.5% and basic metal products increasing 28.0%. Meanwhile, prices for agricultural, forestry and marine products increased 15.2%, with marine foods rising 20.6% and agricultural foods up 18.3%. source: The Bank of Korea

Import Prices YoY in South Korea decreased to 18.70 percent in July from 20.90 percent in June of 2026. Import Prices YoY in South Korea averaged 6.83 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 18.70 percent in July from 20.90 percent in June 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.

Related	Last	Previous	Unit	Reference
CPI	119.77	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	117.29	118.55	points	Jul 2026
CPI Transportation	124.73	126.82	points	Jul 2026
Export Prices	190.65	188.68	points	Jul 2026
Export Prices YoY	49.10	48.70	percent	Jul 2026
Food Inflation	0.90	2.00	percent	Jul 2026
GDP Deflator	128.80	117.00	points	Mar 2026
Import Prices	160.09	161.71	points	Jul 2026
Import Prices YoY	18.70	20.90	percent	Jul 2026
Inflation Expectations	2.70	2.70	percent	Aug 2026
Inflation Rate YoY	2.80	3.20	percent	Jul 2026
Inflation Rate MoM	-0.20	0.10	percent	Jul 2026
PPI MoM	-0.40	0.00	percent	Jul 2026
Producer Prices	129.39	129.92	points	Jul 2026
PPI YoY	7.70	8.50	percent	Jul 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
	18.70	20.90	64.80	-29.90	1972 - 2026	percent	Monthly	2020=100, NSA

News Stream

South Korea Import Price Growth Eases in July

South Korea’s import prices rose 18.7% year-on-year in July 2026, easing from an upwardly revised 20.9% increase in June. Price gains were led by mining products, which climbed 24.9%, driven by higher costs for coal, crude petroleum and natural gas (23.8%), as well as metallic and non-metallic mineral products (32.3%). Prices for manufactured goods rose 16.7%, with coal and petroleum products up 35.5% and basic metal products increasing 28.0%. Meanwhile, prices for agricultural, forestry and marine products increased 15.2%, with marine foods rising 20.6% and agricultural foods up 18.3%.

2026-08-13

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