FX.co ★ South Korea’s Export Prices Fall for 4th Straight Month

In August 2025, South Korea experienced a 1% year-over-year decrease in export prices, following a 4.3% reduction in July. This marks the fourth consecutive month of declining prices, largely due to ongoing global economic challenges and shifting demand dynamics. The primary factor contributing to the decrease was a 1.1% drop in prices for manufactured goods, which had previously fallen by 4.5% in the preceding month. Conversely, prices for agricultural, forestry, and marine products saw accelerated growth, increasing by 9.8% compared to a 7.8% rise in July. Exports to the United States were impacted by a 15% tariff, resulting in a 12% decline in August. On a month-to-month basis, export prices rose by 0.7%, which is slightly lower than the 0.8% increase observed in July.