China's export prices surge 5% in April

China's export prices rose 5 percent in April, marking the fastest increase in three years. The jump was fueled by global energy costs and demand tied to artificial intelligence for commodities such as oil, metals and semiconductors.

The increase stands in contrast to broader trends in Chinese manufacturing. Most goods exported from the country continued to see falling prices amid intense domestic competition and oversupply, which has restricted manufacturers from passing higher input costs to buyers.

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Illustration depicting rising fuel prices at a Seoul gas station amid South Korea's 2.6% consumer inflation surge from oil shock in Strait of Hormuz.
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South Korea's consumer prices accelerate to 2.6% in April amid oil shock

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South Korea's consumer prices rose 2.6 percent year-on-year in April, up from March's 2.2 percent and the fastest pace in 21 months, driven by soaring fuel costs from the ongoing Strait of Hormuz disruption. Government data confirmed the figures.

Official data showed China's value-added industrial output rose 5.6 percent year on year in the first four months of 2026. Growth in April reached 4.1 percent from a year earlier.

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China's trade performance exceeded expectations at the beginning of 2026, with exports rising sharply. The growth rate reached 21.8% year-on-year for January and February, compared to 5.5% in the previous year. This surge was propelled by key sectors amid global demand.

South Korea's exports exceeded $85.89 billion in April, topping $80 billion for the second consecutive month. The figure jumped 48 percent from a year earlier, driven by robust semiconductor shipments. The trade surplus reached $23.77 billion, marking the second straight month above $20 billion.

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South Korea's exports rose 65 percent from a year earlier in the first 20 days of May, driven by a sharp increase in semiconductor shipments.

Statistics Korea reported on May 29 that industrial output fell 0.6 percent in April from March, with retail sales and facility investment also dropping 3.6 percent each.

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Xiaomi, Chery and FAW have raised prices on their electric vehicles amid surging chip and raw material costs, a sharp departure from 2025's aggressive cuts, though analysts caution that weak demand could force reversals. The trend started earlier this month, with Xiaomi making the latest adjustment.

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