South Korea Export Prices See Strong Surge

South Korea’s export prices surged 28.7% year-on-year in March 2026, following an upwardly revised 11.1% increase in February (from 10.7%), signaling a sharp acceleration in export price momentum. The rise was driven primarily by manufactured goods (28.7%), with computers and electronic equipment (61.6%) emerging as the dominant contributor to the overall increase. Additional support came from basic metals (19.5%) and chemical products (7.1%), underscoring broad-based strength across key industrial export categories. Prices for agricultural, forestry and marine products also advanced (15.7%), though their impact was more modest compared with high-value manufacturing segments.