FX.co ★ outh Korea Export Prices Drop for 3rd Month in July

Export prices in South Korea experienced a year-over-year decrease of 4.3% in July 2025, following a 4.5% drop in June, constituting the third consecutive month of decline. This downturn was primarily propelled by a significant 4.3% decrease in the prices of manufactured goods, which had previously seen a 4.5% increase in the prior month. In contrast, the prices for agricultural, forestry, and marine products exhibited notable growth, rising to 7.8% from a prior increase of 3.7%. This decline in export prices underscores escalating external pressures, particularly the newly announced US tariffs of up to 25%, which President Trump declared would be effective from August 1. However, on a month-to-month basis, export prices showed some recovery with a 1% increase, rebounding from a 1.2% decrease in June.