The Korea Herald

지나쌤

Korea's terms of trade improve in December

By KH디지털2

Published : Jan. 24, 2017 - 12:49

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South Korea's terms of trade improved in December from a year earlier as a slight rise in import prices was offset by a hike in export prices, central bank data showed Tuesday.

The terms of trade index for products came to 102.63 last month, up 1.9 percent from a year earlier, according to preliminary data from the Bank of Korea.

(Yonhap) (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 with those of others.

In December, export prices rose 4.9 percent from a year ago, while import prices increased 2.9 percent, the BOK data showed.

The income terms of trade rose 5 percent year-over-year to

149.55 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)