Export Prices in South Korea dropped 2.7% year-on-year in February 2023, following an upwardly revised 1.2% fall the previous month. It marked the sharpest annual decline in export prices since December 2020, due to stronger won as costs dropped further for agricultural, forestry, and marine products (-1.9% vs. -0.2% YOY in January) and manufacturing products (-2.7 vs. -1.2% YoY ). On a monthly basis, export prices rose 0.7 percent in February 2023, following a 2.9 percent decline in the prior month. source: The Bank of Korea

Export Prices YoY in South Korea averaged 4.26 percent from 1972 until 2023, reaching an all time high of 75.40 percent in January of 1998 and a record low of -35.60 percent in January of 1999. This page includes a chart with historical data for South Korea Export Prices YoY. South Korea Export Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Export Prices YoY in South Korea is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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South Korea Export Prices YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-02-14 09:00 PM Jan -1.3% 3.1%
2023-03-13 09:00 PM Feb -2.7% -1.2%
2023-04-12 09:00 PM Mar 3.2%

South Korea Export Prices YoY
In South Korea, Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates.
Actual Previous Highest Lowest Dates Unit Frequency
-2.70 -1.20 75.40 -35.60 1972 - 2023 percent Monthly
NSA

News Stream
South Korea Export Price Decline 2.7% YoY in February
Export Prices in South Korea dropped 2.7% year-on-year in February 2023, following an upwardly revised 1.2% fall the previous month. It marked the sharpest annual decline in export prices since December 2020, due to stronger won as costs dropped further for agricultural, forestry, and marine products (-1.9% vs. -0.2% YOY in January) and manufacturing products (-2.7 vs. -1.2% YoY ). On a monthly basis, export prices rose 0.7 percent in February 2023, following a 2.9 percent decline in the prior month.
2023-03-13
South Korea Export Price Fall 1.3 YoY in Jan
Export Prices in South Korea fell 1.3% in January 2023 from the previous year, after a 3.1% rise the previous month. It was the first decline in export prices since January 2021, due to stronger won as agricultural, forestry, and marine products costs fell 0.2 year-on-year (vs. 3.6% in December) and manufacturing products dropped by gaining 1.3% YoY (vs. 3% in December). On a monthly basis, export prices dropped 3 percent in January 2023, following a 6.1 decline in December 2022.
2023-02-14
South Korea Export Price Rise 3.1% YoY in Dec
Export Prices in South Korea rose by 3.1% in December 2022 from the previous year, while falling 6% from the previous month. It was the slowest annual rise since February 2021, affected by stronger won during December. Agricultural, forestry, and marine products contributed 4.8% gain year-on-year (vs. 9% in November) and Manufacturing products went up by gaining 3.1% YoY (vs. 8.4% in November).
2023-01-12