FX.co ★ South Korea Export Prices Fall 4.5% Amid Trade Headwinds

Export prices in South Korea decreased by 4.5% year-on-year in June 2025. This marks a steepening decline from a revised 2.6% decrease recorded in May. The downturn was primarily fueled by a notable 4.5% drop in prices for manufactured goods, which had previously experienced a 2.6% increase the prior month. Growth in prices for agricultural, forestry, and marine products also decelerated, decreasing to 3.7% from 6.7%. On a month-to-month basis, export prices saw a 1.1% reduction following a 3.5% decline in May, influenced significantly by the appreciation of the Korean won. This persistent weakness in export prices underscores mounting external pressures, including new tariffs of up to 25% announced by President Trump, scheduled to be implemented on August 1. These elements are likely to exert additional pressure on South Korea's trade environment in the coming months.