South Korea’s export prices rose 7.0% year-on-year in November 2025, following a 4.8% increase in October and reversing earlier declines. The increase was largely driven by a 7.0% rise in manufactured goods prices, following a 4.8% increase the previous month. Prices for agricultural, forestry and marine products climbed 9.4% from 8.9% in October. Exports to the US continued to feel the impact of a 15% tariff, with overall export volume increasing 6.8% year-on-year in November. On a monthly basis, export prices increased 3.7%, down from a 4.1% gain in the prior month.