# Korea's export prices up 4.1% last month on weaker won - The Korea Herald

> South Korea's export prices rose 4.1 percent in November from October, helped by a 3.2 percent weaker won against the dollar. Import prices in local currency rose 2.4 percent month on month, as currency weakness outweighed lower oil prices. Dubai crude averaged $43.90 a barrel in November, down from $48.97.

- Date: 2016-12-14 · published 2016-12-14T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/73683-korea-s-export-prices-up-4-1-last-month-on-weaker-won-the-korea-herald
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The weaker won lifts the local-currency cost of imported feed ingredients and energy, while lower Dubai crude partly offsets the rise in input costs.

## Read by commodity

- BRENT: bearish ▼
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-07-30 | [Crude Prices Retreat on the Prospects of Weaker Chinese Energy Demand](https://feedsoft.ai/events/29445-crude-prices-retreat-on-the-prospects-of-weaker-chinese-energy-demand.md) | -4.3% | +0.7% |
| BRENT | 2021-12-01 | [Omicron pushes oil prices to three-month lows \| OilNOW](https://feedsoft.ai/events/7523-omicron-pushes-oil-prices-to-three-month-lows-oilnow.md) | +6.8% | +9.0% |
| BRENT | 2020-07-28 | [Colombian peso hits lowest in a month on weak oil price \| Financial Post](https://feedsoft.ai/events/52400-colombian-peso-hits-lowest-in-a-month-on-weak-oil-price-financial-post.md) | +1.3% | +3.2% |
| BRENT | 2022-10-14 | [Oil prices fall more than 3% on recession worries](https://feedsoft.ai/events/39282-oil-prices-fall-more-than-3-on-recession-worries.md) | -3.1% | -1.0% |
| BRENT | 2024-10-16 | [Oil prices hold at 2-week low on lower oil demand growth forecasts](https://feedsoft.ai/events/28030-oil-prices-hold-at-2-week-low-on-lower-oil-demand-growth-forecasts.md) | +2.5% | -2.4% |

## Sources

- koreaherald.com: https://www.koreaherald.com/article/1178330

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.