UPDATE : 2018.9.20 THU 12:21
상단여백
HOME Economy
S. Korea's terms of trade improve in December

SEOUL, Jan. 24 (Yonhap) -- South Korea's terms of trade improved in December from a year earlier as a slight rise in import prices was offset by a hike in export prices, central bank data showed Tuesday.
The terms of trade index for products came to 102.63 last month, up 1.9 percent from a year earlier, according to preliminary data from the Bank of Korea (BOK).
The index measures the amount of imports a country can purchase for each unit of exports, showing how the country's exports are doing in comparison with those of others.
In December, export prices rose 4.9 percent from a year ago, while import prices increased 2.9 percent, the BOK data showed.

The income terms of trade rose 5 percent year-over-year to 149.55 last month, the data showed. The income terms of trade measures the amount of imports the country can purchase with the total value of its exports.

entropy@yna.co.kr

(END)

Park So-yeon  edt@koeapost.com

<저작권자 © 코리아포스트, 무단 전재 및 재배포 금지>

icon인기기사
기사 댓글 0
전체보기
첫번째 댓글을 남겨주세요.
여백
여백
여백
Back to Top