S. Korea's import and export prices both rose in May: BOK
- 4 years ago
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South Korea's import and export prices both increased in May.
The Bank of Korea said Friday that import prices rose over 4-point-2-percent on-month in May, marked by rising global oil prices.
The average price of Dubai crude South Korea's benchmark was around 30 U.S. dollars a barrel last month, up almost 50 percent on month.
Export prices were point-6-percent higher on higher prices of chemical and petrochemical goods.
On-year, export prices were down almost 8-percent with import prices also falling around 13-percent.
South Korea's import and export prices both increased in May.
The Bank of Korea said Friday that import prices rose over 4-point-2-percent on-month in May, marked by rising global oil prices.
The average price of Dubai crude South Korea's benchmark was around 30 U.S. dollars a barrel last month, up almost 50 percent on month.
Export prices were point-6-percent higher on higher prices of chemical and petrochemical goods.
On-year, export prices were down almost 8-percent with import prices also falling around 13-percent.