Korea's terms of trade worsens in February

By KH디지털2

Published : March 22, 2017 - 14:32

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South Korea's terms of trade deteriorated slightly in February from a year earlier as a rise in export prices was offset by a hike in import prices, central bank data showed Wednesday.

The terms of trade index for products came to 100.48 last month, down 2.9 percent from a year earlier, according to preliminary data from the Bank of Korea.

(Yonhap)

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 to those of others.

In February, export prices rose 11.1 percent from a year ago, while import prices increased 14.4 percent, the BOK data showed.

The income terms of trade rose 6.8 percent on-year to 134.41 last month, the data showed. The income terms of trade measures the amount of imports the country can purchase with the total value of its exports. (Yonhap)

Korea's terms of trade worsens in February

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