South Korea's export prices down, import prices up in March
By : Arirang News
Published On: 2018-04-13
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South Korea's export prices for March went down from the previous month on the stronger Korean won.
According to the Bank of Korea on Friday, export prices dropped zero-point nine percent on-month.
The local currency gained zero-point-seven percent on-month against the greenback in March.
But import prices rose for three consecutive months, up zero-point-five percent on-month, despite the won's appreciation and steady oil prices.
The central bank attributed the rise to soaring electrode prices, which went up near five-fold on increasing demand.
The BOK said excluding these prices would result in a fall of import prices.
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