FX.co ★ South Korea Export Prices Rise for 2nd Month

In October 2025, South Korea experienced a 4.8% year-on-year increase in export prices, showing a recovery from decreases earlier in the year. This comes after a revised 2.1% increase in September. The surge was largely attributed to a 4.8% rise in the prices of manufactured goods, compared to a 2.0% increase in the previous month. In contrast, prices for agricultural, forestry, and marine products rose by 8.8%, slightly lower than the 9.9% increase seen in September. Meanwhile, the effects of a 15% tariff imposed on exports to the US were evident, as total export volume decreased by 1.0% year-on-year in October. On a month-to-month basis, export prices saw a significant increase of 4.1%, up from a 0.5% rise in the preceding month.