Korea's export-import prices rise in February on stronger Korean won
- 6 years ago
South Korea's export-import prices for February inched up from the previous month on the stronger Korean won.
According to the Bank of Korea on Wednesday, export prices rose one percent on-month on the back of a rise in chemical and electronics prices.
Import prices also rose zero-point-seven percent on-month despite a fall in global oil prices.
In February, crude oil prices into Korea slumped by over five percent on-month to less than 63 U.S. dollars a barrel.
The central bank said the prices were mainly affected by the appreciation of the Korean won against the greenback.
According to the Bank of Korea on Wednesday, export prices rose one percent on-month on the back of a rise in chemical and electronics prices.
Import prices also rose zero-point-seven percent on-month despite a fall in global oil prices.
In February, crude oil prices into Korea slumped by over five percent on-month to less than 63 U.S. dollars a barrel.
The central bank said the prices were mainly affected by the appreciation of the Korean won against the greenback.