Semiconductor Demand Drives Export Prices Up for 11th Consecutive Month

[Economy 365]

Export prices have risen for the 11th consecutive month 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, DRAM prices rose by 7.6%, 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 trend in prices is continuing as the supply of memory semiconductors fails to keep pace with demand, amid sustained investment in AI.

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

The import price index for last month was 168.05, down 0.3% from the previous month.

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