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THE INVESTOR] South Korea’s terms of trade recovered on-year in September amid bigger falls in import prices compared to losses in export prices, central bank data showed Oct. 24.
The terms of trade index for products came to 101.74 last month, up 0.2 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 with those of others.
In September, export prices fell 2.5 percent from a year ago, while import prices dropped 2.7 percent, the BOK data showed.
The income terms of trade fell 2.4 percent year-over-year to 138.26 last month. The income terms of trade measures the amount of imports the country can purchase with the total value of its exports, the data showed.
(
theinvestor@heraldcorp.com)
