Export Prices Rise for 11th Consecutive Month Amid Growing Semiconductor Demand

[Economy 365]

Export prices have risen for 11 consecutive months due to increased demand for semiconductors.

According to the Bank of Korea, the export price index for last month stood at 188.58, up 0.3% from the previous month.

The year-on-year growth rate also increased from 41.3% to 46.9%.

In particular, the export price index for computers, electronic and optical products reached 208.98, marking the highest level in 15 years and 10 months since July 2010.

By specific item, prices for DRAM rose by 7.6% and flash memory by 19.5%, while copper refinery products and aluminum plates increased by 5% and 3.5%, respectively.

The Bank of Korea explained that the upward price trend continues as the supply of memory semiconductors fails to keep pace with demand, amid ongoing investment in AI.

On the other hand, import prices fell for the second consecutive month due to the decline in international oil prices.

Last month, the import price index was 168.05, down 0.3% from the previous month.

*This article was produced with AI audio.
※ Please note: This article was translated by AI and may contain errors.