South Korea Import Price Growth Eases in June

2026-07-14 21:22 By Isabela Couto 1 min. read

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%.



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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%.
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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%).
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