S. Korea’s export, import prices decline in May ’25

South Korea’s export and import prices saw notable declines in May 2025, while trade volumes posted modest year-on-year growth, the Bank of Korea (BOK) reported on Tuesday.

The Export Price Index, measured in Korean won, fell by 3.4 per cent month-on-month and was down 2.4 per cent compared to May 2024.

Similarly, the Import Price Index dropped by 3.7 per cent from April and declined by 5.0 per cent on a yearly basis.

Despite lower prices, the Export Volume Index rose 2.5 per cent year-on-year, while the Import Volume Index grew by 1.3 per cent.

However, both trade values contracted. The Export Value Index dropped 1.9 per cent, and the Import Value Index fell more sharply by 6.3 per cent from a year earlier.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama