Import prices in South Korea fell by a maximum of 4.4% in June, the largest drop in 3 years and 6 months, due to the impact of falling international oil prices. In particular, crude oil prices fell by 20.7%, leading the decline in import prices. On the other hand, export prices halted their upward trend for the first time in a year due to a fall in coal and petroleum product prices. However, semiconductor exports continued to boom, resulting in a 29.8% increase in export volume, the largest in 16 years and 5 months. Export value also reached an all-time high, increasing by 74.8%. This is a result of the continuous boom in semiconductor exports.
