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South Korea Export Prices Year-over-Year (YoY)

Price

6.5 %
Change +/-
+4.2 %
Percentage Change
+95.45 %

The current value of the Export Prices Year-over-Year (YoY) in South Korea is 6.5 %. The Export Prices Year-over-Year (YoY) in South Korea increased to 6.5 % on 4/1/2024, after it was 2.3 % on 3/1/2024. From 1/1/1972 to 5/1/2024, the average GDP in South Korea was 4.05 %. The all-time high was reached on 1/1/1998 with 75.4 %, while the lowest value was recorded on 1/1/1999 with -35.6 %.

Source: The Bank of Korea

Export Prices Year-over-Year (YoY)

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Export Prices YoY

Export Prices Year-over-Year (YoY) History

DateValue
4/1/20246.5 %
3/1/20242.3 %
2/1/20244.1 %
1/1/20243.3 %
12/1/20223 %
11/1/20228.4 %
10/1/202213.5 %
9/1/202214.7 %
8/1/202213 %
7/1/202215.9 %
1
2
3
4
5
...
40

Similar Macro Indicators to Export Prices Year-over-Year (YoY)

NameCurrentPreviousFrequency
🇰🇷
Consumer Price Index (CPI)
113.84 points114.09 pointsMonthly
🇰🇷
Consumer Price Index for Housing and Utilities
113.07 points114.43 pointsMonthly
🇰🇷
Core Consumer Prices
112.4 points112.16 pointsMonthly
🇰🇷
Core Inflation Rate
2 %2.24 %Monthly
🇰🇷
CPI Transport
116 points114.01 pointsMonthly
🇰🇷
Export Prices
131.7 points132.55 pointsMonthly
🇰🇷
Food Inflation
3.8 %5.1 %Monthly
🇰🇷
GDP Deflator
112.11 points114.23 pointsQuarter
🇰🇷
Import Prices
141.58 points143.57 pointsMonthly
🇰🇷
Import Prices YoY
4.6 %2.9 %Monthly
🇰🇷
Inflation Expectations
2.9 %3 %Monthly
🇰🇷
Inflation Rate
2.4 %2.7 %Monthly
🇰🇷
Inflation Rate MoM
-0.2 %0.1 %Monthly
🇰🇷
Producer Price Change
2.3 %1.9 %Monthly
🇰🇷
Producer Price Inflation MoM
0.1 %0.3 %Monthly
🇰🇷
Producer prices
119.25 points119.16 pointsMonthly

In South Korea, Export Prices represent the rate of change in the prices of goods and services sold by residents to foreign buyers. These prices are significantly influenced by exchange rates.

What is Export Prices Year-over-Year (YoY)?

Export Prices YoY, or Year-over-Year export prices, is a pivotal economic indicator that measures the annual change in prices of goods and services that a country sells to international markets. At Eulerpool, our commitment is to provide in-depth and precision-driven macroeconomic data, and we recognize the profound significance of Export Prices YoY in offering insights into the health and trajectory of an economy. Understanding Export Prices YoY is essential for economists, policymakers, investors, and business leaders. This metric serves as a barometer for a nation’s economic performance, influencing decisions that range from monetary policy adjustments to investment strategies. By analyzing the changes in export prices over a year, stakeholders can infer the competitive stance of a country in the global market, inflationary pressures, and the potential impact on trade balances. Export prices are influenced by a myriad of factors, including supply and demand dynamics, currency exchange rate fluctuations, global commodity prices, and geopolitical events. When these prices increase, it can signal strong demand for a country’s goods and services, or it might reflect inflationary pressures within the nation. Conversely, a decrease could indicate weakened demand, increased competition, or enhanced productivity and lower costs of production. Monitoring Export Prices YoY can provide critical insights into several macroeconomic aspects. For instance, an upward trend in export prices might suggest stronger global demand for a country’s products, enhancing the trade balance and potentially leading to a stronger currency. On the other hand, persistent increases in export prices without corresponding demand can lead to trade deficits, eventually prompting policy interventions. Price increases in exports can also influence domestic inflation. When export prices rise significantly, producers might prioritize foreign markets over domestic ones, leading to higher prices within the country. Policymakers must closely watch these trends to prevent domestic inflation from spiraling out of control. Conversely, if export prices decline, it might lead to reduced revenues for exporters, which can ripple through the economy, affecting employment and investment levels. In sectors such as agriculture, manufacturing, and raw materials, Export Prices YoY is particularly telling. For agricultural products, global supply chain dynamics, weather conditions, and international trade agreements play significant roles. A spike in agricultural export prices could indicate scarcity in global markets or a competitive advantage in quality or price. For the manufacturing sector, changes in export prices often reflect shifts in global industrial demand and production costs. Commodity prices are another critical area influenced by year-over-year export price changes. Commodities like oil, metals, and minerals are highly sensitive to geopolitical events and supply-demand shifts. A thorough analysis of Export Prices YoY in these sectors can reveal underlying economic conditions and future price trajectories, aiding businesses in making informed strategic decisions. At Eulerpool, we understand that merely having access to data is not enough; interpreting this data is key. Our platform is designed to provide not just raw numbers but actionable insights. For businesses, understanding Export Prices YoY helps in strategic planning, particularly for those involved in importing raw materials or exporting finished goods. Price trends can inform contract negotiations, investment in new markets, and cost management strategies. Investors, too, find Export Prices YoY data invaluable. Rising export prices can signal economic strength, potentially making a country's equity markets more attractive. Conversely, falling export prices might be a warning sign, prompting reevaluation of investment portfolios. By integrating Export Prices YoY data with other economic indicators, investors can gain a comprehensive understanding of an economy's current state and potential future movements. The intricacies of Export Prices YoY also extend to currency markets. Changes in export prices directly affect a country’s trade balance, influencing currency value. An increase in export prices, assuming a constant volume of exports, typically strengthens a nation’s currency due to higher income from exports, improving the trade balance. Forex traders use this data to predict currency movements and to hedge against potential risks. Government policymakers closely monitor Export Prices YoY as they formulate economic policies. For example, a significant rise in export prices could prompt a central bank to consider tightening monetary policy to curb potential inflation. On the other hand, declining export prices might lead to measures aimed at stimulating demand, such as lower interest rates or fiscal stimulus. Ultimately, the Export Prices YoY category represents more than just a simple metric; it's a window into the economic heartbeat of a nation. It encapsulates the delicate balance of global and domestic forces shaping a country's economic destiny. At Eulerpool, we endeavor to provide this critical data with clarity and precision, empowering our users with the knowledge needed to navigate the complexities of global economics. In conclusion, Export Prices YoY is a multifaceted economic indicator with far-reaching implications. Whether you are a business leader strategizing market entry, an investor scrutinizing economic health, a forex trader anticipating currency moves, or a policymaker steering the economic ship, understanding the nuances of export price changes is indispensable. Eulerpool is dedicated to delivering comprehensive and insightful data to support your critical economic decisions, ensuring you stay ahead in a dynamic global landscape.