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S. Korea's terms of trade worsens due to soaring international oil prices

2019-01-25 1 Dailymotion

The volume of South Korea's exports rose for the third consecutive month in December of last year,... but import volume dropped sharply.<br />The country's terms of trade slumped.... 6-point-8-percent on-year.... as prices of imports rose due to fluctuations in global oil prices... while that of exports dropped.<br />Data by the Bank of Korea on Friday show.... export volume last month edged up zero-point-two-percent compared to the same period the previous year.<br />The volume of imports dropped 3-point-1-percent on-year... as machinery goods related to semiconductors slumped.<br />Korea's benchmark, Dubai crude, surged by 7-point-8 percent on-year.... to trade at the 65-U.S.-dollar level last month. <br />

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