S. Korea's export prices go down, import prices go up in July
- 5 years ago
South Korea's export prices fell,... while import prices went up in July.
The Bank of Korea says export prices fell for the second consecutive month, down zero-point-two percent from June due to the falling prices of electronics goods exports.
The won-dollar exchange rate stood pat at around one-thousand-one-hundred-75 won against the greenback.
Import prices rose zero-point-six percent on-month in July mainly on higher global oil prices.
South Korea's benchmark, Dubai crude, jumped over two percent on-month to more than 63 U.S. dollars a barrel in July.
The Bank of Korea says export prices fell for the second consecutive month, down zero-point-two percent from June due to the falling prices of electronics goods exports.
The won-dollar exchange rate stood pat at around one-thousand-one-hundred-75 won against the greenback.
Import prices rose zero-point-six percent on-month in July mainly on higher global oil prices.
South Korea's benchmark, Dubai crude, jumped over two percent on-month to more than 63 U.S. dollars a barrel in July.