Korea's terms of trade fell to 3-year low in June on higher oil prices

Korea's terms of trade fell to 3-year low in June on higher oil prices

계속되는 유가 상승…6월 교역조건 3년7개월 만에 최악br br Imports got more expensive for Korea last month.br The nation's trade term index fell to a three-year low due to higher oil prices.br The index measures the unit-for-unit price of imports in terms of the country's exports.br According to the Bank of Korea, it came to ninety three point two-nine, a seven point three percent drop from last year.br It's the lowest since November of 2014.br This stems from high oil prices.br Last month it spiked about forty-seven percent during the same period, jacking up import prices along the way.br But, another key index improved.br The import terms of trade, the amount of imports a country can buy for its total exports, rose Point-four percent on-year to one-hundred-forty six.


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Uploaded: 2018-07-25

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