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S. Korea’s terms of trade worsens for 18th consecutive month

2019-06-26 3 Dailymotion

South Korea's terms of trade deteriorated for the 18th consecutive month in May as import prices surpassed export prices.<br />The central bank says the terms of trade index for products, which measures the amount of imports a country can purchase for each unit of exports, came to 90-point-76, down near six percent on-year.<br />The BOK attributed the drop to falling prices of electronics equipment and chemical products.<br />Import prices also dropped slightly due to lower industrial goods imports... but fell by a lower margin than Korea's export prices.<br />

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