South Korea’s import prices rose 20.2% year-on-year in April 2026, easing slightly from a 20.4% increase in March.
Price gains were led by mining products, which surged 36.5%, driven by higher prices for coal, crude petroleum and natural gas (38%), as well as metallic and non-metallic mineral products (30.7%).
Manufactured goods prices rose 15.3%, supported by sharp increases in coal and petroleum products (67%) and basic metal products (26.3%).
Meanwhile, prices for agricultural, forestry and marine products increased at a more moderate pace of 4.4%, mainly driven by livestock (13.3%) and forest products (6.2%).