LOGO
LOGO

Global Economic News

South Korea Export Prices Gain 0.3% In December

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Export prices in South Korea added 0.3 percent on month in December, the Bank of Korea said on Wednesday - following the 1.1 percent contraction in November.

On a yearly basis, export prices dropped 6.0 percent following the 8.6 percent drop in the previous month.

Among the individual components, export prices for agricultural, forestry and marine products added 0.5 percent on month and fell 1.4 percent on year, while manufacturing prices added 0.3 percent on month and lost 6.0 percent on year.

For all of 2015, export prices were down 5.2 percent as agricultural prices dipped 0.3 percent and manufacturing prices slid 5.2 percent.

Import prices fell 1.0 percent on month in December after shedding 1.7 percent in November.

Import prices also plummeted 11.9 percent on year following the 15.6 percent decline in the previous month.

Among the individual components, import prices for raw materials tumbled 7.2 percent on month and 32.1 percent on year, while intermediate goods added 0.7 percent on month and lost 6.3 percent on year, capital goods added 2.0 percent on month and 3.3 percent on year and consumer goods advanced 1.1 percent both on month and on year.

For all of 2015, import prices skidded 15.3 percent. Raw material prices were down 34.0 percent, while intermediate goods fell 8.5 percent, capital goods added 1.4 percent and consumer goods were up 1.3 percent.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Global Economics Weekly Update: April 20 – April 24, 2026

April 24, 2026 15:15 ET
Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.