S. Korea's export and import prices fall for first time in five months in June
- 5 years ago
South Korea's export and import prices fell for the first time in five months in June.
The Bank of Korea says the export price index came to 100-point-nine-five in June, down more than two percent from May due to the stronger local currency.
The won-dollar exchange rate rose zero-point-six percent on-month to one-thousand-one-hundred-76 won against the greenback.
The export prices of electronic goods and petrochemical goods fell sharply.
Import prices dropped more than three percent on-month in June mainly on lower global oil prices.
South Korea's benchmark Dubai crude oil prices slumped eleven percent on-month to around 62 U.S. dollars a barrel in June.
The Bank of Korea says the export price index came to 100-point-nine-five in June, down more than two percent from May due to the stronger local currency.
The won-dollar exchange rate rose zero-point-six percent on-month to one-thousand-one-hundred-76 won against the greenback.
The export prices of electronic goods and petrochemical goods fell sharply.
Import prices dropped more than three percent on-month in June mainly on lower global oil prices.
South Korea's benchmark Dubai crude oil prices slumped eleven percent on-month to around 62 U.S. dollars a barrel in June.