S. Korea's export prices up 0.2% m/m, import prices up 1.9% m/m in Feb.
- 5 years ago
South Korea's export and import prices for February went up on-month on rising global oil prices.
The Bank of Korea says export prices rose zero-point-two percent on-month on higher prices of petroleum related products that offset falling prices of electronics goods exports.
Import prices, jumped near two percent on-month in February on higher prices of raw material imports and oil prices.
Dubai crude, Korea's benchmark, jumping more than nine percent on-month, recording an average of 65 U.S. dollars a barrel.
The Bank of Korea says export prices rose zero-point-two percent on-month on higher prices of petroleum related products that offset falling prices of electronics goods exports.
Import prices, jumped near two percent on-month in February on higher prices of raw material imports and oil prices.
Dubai crude, Korea's benchmark, jumping more than nine percent on-month, recording an average of 65 U.S. dollars a barrel.