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피터빈트

Seoul’s terms of trade improved in March

By Korea Herald

Published : April 25, 2016 - 17:04

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South Korea’s terms of trade continued to improve in March from a year earlier as export prices rose at a faster clip than import prices, central bank data showed Monday.

The terms of trade index for products came to 104.01 last month, up 0.5 percent from revised 103.49 the previous month, according to preliminary data from the Bank of Korea.

A view of Busan Port. (Yonhap) A view of Busan Port. (Yonhap)

The index measures the amount of imports a country can purchase for each unit of its exports. It is a gauge of a country’s export performance.

From a year earlier, the March reading marks a 5.1 percent increase, and it was also the third consecutive month the country posted an on-year gain in trade terms.

(khnews@heraldcorp.com)

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