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THE INVESTOR

Industrials

Export prices rise 3% in Dec.

  • PUBLISHED :January 11, 2017 - 09:49
  • UPDATED :January 11, 2017 - 09:49
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[THE INVESTOR] South Korea’s export prices rose 2.9 percent in December on-year on a weaker local currency and robust overseas demand for electronics products, according to central bank data on Jan. 11.

The won fell 1.8 percent against the US dollar on average last month compared to a month earlier.

In local currency terms, export prices jumped 6.3 percent last month from a year earlier, according to preliminary data from the Bank of Korea.

Export prices of industrial goods gained 6.3 percent year-on-year in December while those of agricultural and fisheries products climbed 12.6 percent during the same period.

Import prices rose 4.2 percent in December from a month earlier due to weak won and oil price hike. Import prices rose 9.2 percent last month from a year earlier.

The monthly average price of the benchmark Dubai crude was at US$52.08 a barrel in December, up from US$43.90 from a month earlier.

(theinvestor@heraldcorp.com)
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