South Korea’s import prices fell 2.3% year-over-year in April 2025, reversing March’s 3.4% gain and snapping a five-month streak of increases.
The decline was largely driven by the appreciation of the Korean won.
Raw material prices plunged 11.5%, deepening from a 2.5% drop the previous month.
Price growth also slowed across consumer goods (4% vs. 6.1%), intermediate goods (1% vs. 6.1%), and capital goods (5.5% vs. 6.8%).
On a monthly basis, import prices fell 4.3% in April, following a 3.4% decline in March, marking the third consecutive monthly drop.