South Korea's terms of trade dropped on-year in March for the 16th consecutive month,... mainly due to the falling prices of memory chips, one of the country's main export items. <br />According to the Bank of Korea on Wednesday,.... the country's net barter terms of trade index last month came to around 92,... a more than five-percent drop on-year.<br />Terms of trade measures the amount of imports a country can buy for each unit of exports... relative to the base year of 2010.<br />The central bank attributed the fall to lower semiconductor prices,... which made imports relatively more expensive. <br />The export volume index decreased three percent in March compared to the year before.<br />The corresponding index for imports slumped more than six percent. <br />
