South Korea’s import prices fell 5.9% year-over-year in July 2025, easing slightly from a 6.2% decline in June, marking the fourth consecutive month of weakness in purchasing costs. Falling global oil prices and a stronger Korean won continued to weigh on import expenses. Raw material prices declined at a slower pace, dropping 12.8% after a 13.6% fall in the previous month. Intermediate goods also saw a more moderate decrease of 4.4%, compared with 4.8% in June. Meanwhile, price growth for consumer goods slowed to 0.6% from 1%, while capital goods prices picked up to 1.3% from 1.1%. On a monthly basis, import prices rose 0.9% in July, ending a five-month streak of declines following a 0.7% drop in June. source: The Bank of Korea

Import Prices YoY in South Korea decreased by 5.90 percent in July from -6.20 percent in June of 2025. Import Prices YoY in South Korea averaged 6.79 percent from 1972 until 2025, reaching an all time high of 64.80 percent in February of 1980 and a record low of -29.90 percent in February of 1999. This page includes a chart with historical data for South Korea Import Prices YoY. South Korea Import Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

Import Prices YoY in South Korea decreased by 5.90 percent in July from -6.20 percent in June of 2025. Import Prices YoY in South Korea is expected to be -1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Import Prices YoY is projected to trend around 2.10 percent in 2026 and 3.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-15 09:00 PM
Import Prices YoY
Jun -6.2% -5.1% -7.8%
2025-08-13 09:00 PM
Import Prices YoY
Jul -5.9% -6.2% -5.9%
2025-09-15 09:00 PM
Import Prices YoY
Aug -5.9% -5.5%


Related Last Previous Unit Reference
CPI 116.45 116.52 points Aug 2025
Core Consumer Prices 114.84 115.29 points Aug 2025
Core Inflation Rate 1.90 2.30 percent Aug 2025
CPI Housing Utilities 115.37 115.16 points Aug 2025
CPI Transportation 116.27 115.82 points Aug 2025
Export Prices 128.19 126.88 points Jul 2025
Export Prices YoY -4.30 -4.50 percent Jul 2025
Food Inflation 4.90 3.50 percent Aug 2025
GDP Deflator 114.10 113.50 points Jun 2025
Import Prices 134.87 133.73 points Jul 2025
Import Prices YoY -5.90 -6.20 percent Jul 2025
Inflation Expectations 2.60 2.50 percent Aug 2025
Inflation Rate YoY 1.70 2.10 percent Aug 2025
Inflation Rate MoM -0.10 0.20 percent Aug 2025
PPI MoM 0.40 0.10 percent Jul 2025
Producer Prices 120.20 119.77 points Jul 2025
PPI YoY 0.50 0.50 percent Jul 2025

South Korea Import Prices YoY
In South Korea, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.
Actual Previous Highest Lowest Dates Unit Frequency
-5.90 -6.20 64.80 -29.90 1972 - 2025 percent Monthly
2020=100, NSA

News Stream
South Korea Import Prices Decline for 4th Month
South Korea’s import prices fell 5.9% year-over-year in July 2025, easing slightly from a 6.2% decline in June, marking the fourth consecutive month of weakness in purchasing costs. Falling global oil prices and a stronger Korean won continued to weigh on import expenses. Raw material prices declined at a slower pace, dropping 12.8% after a 13.6% fall in the previous month. Intermediate goods also saw a more moderate decrease of 4.4%, compared with 4.8% in June. Meanwhile, price growth for consumer goods slowed to 0.6% from 1%, while capital goods prices picked up to 1.3% from 1.1%. On a monthly basis, import prices rose 0.9% in July, ending a five-month streak of declines following a 0.7% drop in June.
2025-08-13
South Korea Import Prices Fall for Fifth Month
South Korea’s import prices fell 6.2% year-on-year in June 2025, deepening from a 5.1% decline in May, as falling global oil prices and a stronger Korean won continued to weigh on costs. Raw material prices dropped sharply by 13.2%, following a 13.9% decline the previous month. Intermediate goods also saw a steeper fall of 4.9%, compared to a 2.7% decrease in May. Meanwhile, price growth for consumer goods slowed to 0.9% from 2.5%, and capital goods eased to 1.2% from 2.5%. On a monthly basis, import prices fell 0.6% in June, marking the fifth straight monthly decline after a 3.7% drop in May. The continued slide reflects broader global trends, particularly in energy markets, and underscores persistent deflationary pressure in import costs.
2025-07-15
South Korea Import Prices Slide for 4th Month
South Korea's import prices fell 5% year-on-year in May 2025, widening from a 2.6% decline in the previous month. The drop was primarily driven by lower global oil prices and the appreciation of the Korean won. Prices for raw materials plunged 14.1%, accelerating from a 12% fall in April. Intermediate goods also saw a decline of 2.4% after a slight increase previously, while price growth slowed for both consumer goods (2.1% vs. 4.1%) and capital goods (2.5% vs. 5.2%). On a monthly basis, import prices fell 2.3% in May, extending a streak of four consecutive monthly declines, in line with the global downturn in oil prices.
2025-06-16