Korea's export and import prices fall in August
- 6 years ago
Turning to some economic news now...
South Korea's import and export prices fell for the month of August...mainly on the weakening Korean won.
Kim Hyesung has the details.
Korea's export and import prices both fell in August.
According to the Bank of Korea Friday, export prices dropped one-tenth of a percent from the previous month... on the weakening won, which fell against the U.S. dollar by a tenth of a percent on-month to an average of 1-thousand-1-hundred-21 Korean won.
Compared to the same period last year, export prices went up around two percent.
By item, exports of agricultural goods went up zero-point-six percent on-month.
But the rise was offset by falling prices for industrial goods like primary metals and textile products.
Import prices in August also fell by zero-point-two percent on-month.
The Bank attributed the drop to lower global oil prices.
Dubai crude went down by nearly one percent on-month to 72-and-a-half dollars a barrel.
Prices of intermediary goods and consumer goods fell.
Raw material prices also dropped zero-pont-four pecent on-month on lower prices for industrial goods.
Kim Hyesung, Arirang News.
South Korea's import and export prices fell for the month of August...mainly on the weakening Korean won.
Kim Hyesung has the details.
Korea's export and import prices both fell in August.
According to the Bank of Korea Friday, export prices dropped one-tenth of a percent from the previous month... on the weakening won, which fell against the U.S. dollar by a tenth of a percent on-month to an average of 1-thousand-1-hundred-21 Korean won.
Compared to the same period last year, export prices went up around two percent.
By item, exports of agricultural goods went up zero-point-six percent on-month.
But the rise was offset by falling prices for industrial goods like primary metals and textile products.
Import prices in August also fell by zero-point-two percent on-month.
The Bank attributed the drop to lower global oil prices.
Dubai crude went down by nearly one percent on-month to 72-and-a-half dollars a barrel.
Prices of intermediary goods and consumer goods fell.
Raw material prices also dropped zero-pont-four pecent on-month on lower prices for industrial goods.
Kim Hyesung, Arirang News.