\n SEOUL, South Korea’s terms of trade rose for the ninth consecutive month in February as import costs fell sharply while export prices gained, central bank data showed Wednesday.<\/p>\n
The country’s net terms-of-trade index for goods — a gauge of overall trade terms — improved 4.3 percent last month from a year ago, following the previous month’s 3 percent rise, according to the preliminary data from the Bank of Korea (BOK).<\/p>\n
The index shows the amount of imports a country can buy for each unit of exports, with a lower figure meaning worse trade terms.<\/p>\n
Import prices fell 13.5 percent on-year last month, while export prices rose 3.8 percent.<\/p>\n
It is calculated by dividing the index for export prices by that for import prices.<\/p>\n
South Korea’s exports moved up for the fifth consecutive month in February as the outbound shipments of chips maintained an upward trajectory.<\/p>\n
Outbound shipments advanced 4.8 percent on-year to US$52.4 billion last month, while imports shed 13.1 percent on-year to $48.1 billion, resulting
\nin a trade surplus of $4.29 billion.<\/p>\n
South Korea has maintained a trade surplus since June 2023.<\/p>\n
Source: Yonhap News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
SEOUL, South Korea’s terms of trade rose for the ninth consecutive month in February as import costs fell sharply while export prices gained, central bank data showed Wednesday.<\/p>\n
The country’s net terms-of-trade index for goods — a gauge of overall …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\n