S. Korea's import and export prices both down in July
- 4 years ago
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South Korea's import and export prices both fell on-month in July.
According to the Bank of Korea on Friday, import prices dropped point-nine percent on-month largely due to the falling prices of mining and chemical products.
The central bank said the weakening greenback also contributed to the fall in import prices despite an increase in global oil prices compared to the previous month.
The price of Dubai crude South Korea's benchmark was around 43 U.S. dollars a barrel last month,... up six-point-one percent on-month.
Export prices edged down point-four percent on-month on the falling semiconductor and computer prices.
South Korea's import and export prices both fell on-month in July.
According to the Bank of Korea on Friday, import prices dropped point-nine percent on-month largely due to the falling prices of mining and chemical products.
The central bank said the weakening greenback also contributed to the fall in import prices despite an increase in global oil prices compared to the previous month.
The price of Dubai crude South Korea's benchmark was around 43 U.S. dollars a barrel last month,... up six-point-one percent on-month.
Export prices edged down point-four percent on-month on the falling semiconductor and computer prices.