April 27, 2024
Economy
Korea’s terms of trade worsen in March
[THE INVESTOR] Korea’s terms of trade deteriorated slightly in March from a year, central bank data showed on April 25.
The terms of trade index for products came to 99.57 last month, down 4.5 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 to others.
In March, export prices rose 10.2 percent from a year ago, while import prices increased 15.4 percent, the BOK data showed.
The income terms of trade rose 0.2 percent on-year to 150.61 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.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The terms of trade index for products came to 99.57 last month, down 4.5 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 to others.
In March, export prices rose 10.2 percent from a year ago, while import prices increased 15.4 percent, the BOK data showed.
The income terms of trade rose 0.2 percent on-year to 150.61 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.
By Alex Lee and newswires (alexlee@heraldcorp.com)
