S. Korea’s terms of trade worsen for 18th consecutive month
- 5 years ago
교역조건 18개월 연속 악화
South Korea's terms of trade got worse in May for the 18th consecutive month as import prices surpassed export prices.
The central bank says the terms of trade index for products, which measures the amount of imports a country can buy for each unit of exports, came to 90-point-7-6, down nearly six percent on-year.
The BOK attributed the drop to falling prices of electronics equipment and chemical products.
Import prices also dropped slightly due to lower industrial goods imports... but fell by a lower margin than export prices.
South Korea's terms of trade got worse in May for the 18th consecutive month as import prices surpassed export prices.
The central bank says the terms of trade index for products, which measures the amount of imports a country can buy for each unit of exports, came to 90-point-7-6, down nearly six percent on-year.
The BOK attributed the drop to falling prices of electronics equipment and chemical products.
Import prices also dropped slightly due to lower industrial goods imports... but fell by a lower margin than export prices.