LOGO
LOGO

Asian Economic News

South Korea Export Prices Rise 2.9% In December

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

Export prices in South Korea picked up 2.9 percent on month in December, the Bank of Korea said on Wednesday.

That follows the 3.8 percent increase in November.

On a yearly basis, export prices gained 6.3 percent after climbing 3.5 percent in the previous month.

Export prices for agricultural, forestry and marine products were flat on month and up 12.9 percent on year after adding 2.2 percent on month and 14.1 percent on year in November.

Export prices for manufacturing products gained 2.9 percent on month and 6.3 percent on year after picking up 3.8 percent on month and 3.4 percent on year a month earlier.

Import prices were up 4.2 percent on month after adding 2.4 percent in November. Import prices also jumped 9.2 percent on year after gaining 3.6 percent a month earlier.

Import prices for raw materials jumped 11.6 percent on month and 30.7 percent on year, while intermediate goods were up 2.7 percent on month and 4.8 percent on year.

Import prices for capital goods shed 0.4 percent on month and gained 0.8 percent on year, while consumer goods were up 0.9 percent on month and down 0.1 percent on year.

For all of 2016, export prices were down 3.3 percent, while import prices sank 4.2 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.