S. Korea's export prices have fallen steadily in last decade: WTO
- 5 years ago
South Korea has seen the price of its exports steadily decline over the past decade.
According to the World Trade Organization, last November, the monthly index for exports of manufactured goods showed Korea with a score 73-point-5.
That's down substantially from prices in the base year of 2005, which would have been 100.
It's also down 1-point-3 points from just a month earlier, which is bigger than the drop of zero-point-7 points seen by most major manufacturing countries.
The nine countries listed include the United States, Canada, Japan and Singapore,... which make up 85 percent of global exports.
Local experts say prices for Korea's exports were hit by the global financial crisis in the late 2000s,... and that prices of the country's major export items such as cars, steel and semiconductor chips are highly dependent on global trends and geopolitical uncertainties.
According to the World Trade Organization, last November, the monthly index for exports of manufactured goods showed Korea with a score 73-point-5.
That's down substantially from prices in the base year of 2005, which would have been 100.
It's also down 1-point-3 points from just a month earlier, which is bigger than the drop of zero-point-7 points seen by most major manufacturing countries.
The nine countries listed include the United States, Canada, Japan and Singapore,... which make up 85 percent of global exports.
Local experts say prices for Korea's exports were hit by the global financial crisis in the late 2000s,... and that prices of the country's major export items such as cars, steel and semiconductor chips are highly dependent on global trends and geopolitical uncertainties.