The Bank of Korea published preliminary February 2025 export and import price indexes and related trade indexes, showing month-on-month declines in both export and import prices in KRW terms alongside year-on-year increases. The Export Price Index (KRW basis) fell 0.6% from the previous month but was up 6.3% over the past 12 months. The Import Price Index (KRW basis) decreased 0.8% month on month and increased 4.6% year on year. The Net Barter Terms of Trade Index rose 1.2% year on year in February 2025.
Bank of Korea 2025-03-14
Bank of Korea reports February 2025 export and import price indexes fell 0.6% and 0.8% month on month
The Bank of Korea released preliminary February 2025 data showing declines in export and import price indexes month-on-month in KRW terms, with year-on-year increases. The Export Price Index fell 0.6% from January but rose 6.3% over the year, while the Import Price Index decreased 0.8% month-on-month and increased 4.6% year-on-year. The Net Barter Terms of Trade Index improved by 1.2% year-on-year.