The Bank of Korea published preliminary December 2024 export/import price and trade indexes, showing export and import prices (KRW basis) both increased 2.4 percent from the previous month. On a 12-month basis, the Export Price Index rose 10.7 percent and the Import Price Index rose 7.0 percent. The Net Barter Terms of Trade Index increased 4.8 percent year on year in December 2024.
Bank of Korea 2025-01-15
Bank of Korea releases preliminary December 2024 trade indexes as export and import prices rise 2.4 percent month on month
The Bank of Korea released preliminary data for December 2024, indicating a 2.4% monthly increase in both export and import prices in KRW terms. Annually, the Export Price Index rose by 10.7% and the Import Price Index by 7.0%. The Net Barter Terms of Trade Index improved by 4.8% year on year.