S. Korea's Trade Terms Fall to Over 3-year Low in Q1

아주경제 송지영 기자=South Korea’s terms of trade worsened to the lowest level in over three years in the first quarter as high crude oil and commodities prices hiked import costs.

The Bank of Korea, the central bank said that the country’s related index for goods came in at 75.1 in the quarter, down 6.4% from a year earlier I a statement,

Per-unit export prices edged up 0.5 percent on-year to 106.3 in the quarter while per-unit import prices gained 7.3 percent on-year to 141.7.

The country’s export grew just 3.0 percent on-year in the first quarter, while imports rose 7.5 percent.

The index measures how much can be imported with the total export value, Yonhap news agency reported.

Park Sae-jin swatchsjp@ajunews.com