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S. Korea’s terms of trade worsen for 17th consecutive month in April

2019-05-24 2 Dailymotion

South Korea's central bank has released its data on the volume and price of the export and imports for last month.... as well as the nation's terms of trade.<br />Kim Hyesung reports. <br />South Korea's export price index has fallen for the fifth consecutive month.<br />According to the Bank of Korea on Friday, the export value index, which measures fluctuations in the prices of outbound shipments, tumbled four-point-two percent on-year in April. <br />This comes despite a rebound in the export volume index, which measures changes in the amount of goods exported.<br />The export volume index for April jumped two-point-four percent on-year after falling for four straight months. <br />While the export volume for electronic equipment went up thanks to more smartphone shipments, prices of electronics equipment plunged twelve percent on-year in April due to falling semiconductor prices. <br />Both export volume and prices for goods like machinery, transportation equipment went up on growing plant and auto exports.<br />The import volume index and import value index increased one-point-six percent on-year in April thanks to more agricultural goods imports and primary metal imports. <br />Overall, South Korea's terms of trade, which measure the amount of imports a country can purchase for each unit of exports, relative to the base year of 2010, slumped more than six percent on-year in April, worsening for the 17th month in a row. <br />Kim Hyesung, Arirang News. <br />

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