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The Korea Herald
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THE INVESTOR
March 29, 2024

Economy

Korea’s terms of trade deteriorate

  • PUBLISHED :May 26, 2017 - 14:56
  • UPDATED :May 26, 2017 - 14:56
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[THE INVESTOR] Korea’s terms of trade deteriorated slightly in April from a year earlier, central bank data showed on May 26.

The terms of trade index for products came to 101.38 last month, down 1.1 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.

Last month, export prices rose 10.5 percent from a year ago, while numbers for imports increased 11.6 percent, the BOK data showed.

By Alex Lee and newswires (alexlee@heraldcorp.com)

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