April 20, 2024
Industrials
Korea’s terms of trade improves in Nov.
[THE INVESTOR] South Korea’s terms of trade picked up in November from a year earlier as a slight rise in import prices was offset by a hike in export prices, central bank data showed on Dec. 23.
The terms of trade index for products reached 101.61 last month, up 0.8 percent from a year earlier, according to preliminary data from the Bank of Korea.
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 November, export prices edged up 2.2 percent from a year ago, while import prices increased 1.4 percent, the BOK data showed.
The income terms of trade rose 6.9 percent year-over-year to 144.86 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.
(theinvestor@heraldcorp.com)
The terms of trade index for products reached 101.61 last month, up 0.8 percent from a year earlier, according to preliminary data from the Bank of Korea.
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 November, export prices edged up 2.2 percent from a year ago, while import prices increased 1.4 percent, the BOK data showed.
The income terms of trade rose 6.9 percent year-over-year to 144.86 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.
(theinvestor@heraldcorp.com)
