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S. Korea's Export, Import Prices Rise by over 2%

Write: 2019-06-14 09:03:30Update: 2019-06-14 09:50:17

S. Korea's Export, Import Prices Rise by over 2%

Photo : YONHAP News

South Korea’s export and import prices increased last month by more than two percent from a month earlier. 

According to the Bank of Korea on Friday, the export price index stood at 103-point-16 in May, up by two-point-six percent from April. 

The import price index came to 113-point-66, rising two-point-two percent from a month earlier.

The central bank attributed the gain to a rise in the won-dollar exchange rate, which rose by 42-point-34 won on average from April to one-thousand-183-point-29 won per dollar. 

Export prices of major industrial goods rose two-point-six percent on average, with mobile phone and recreational vehicle prices going up three-point-seven percent and three-point-two percent, respectively. 

The export price of dynamic random access memory(DRAM) products, however, inched down by a half percentage point amid a global price decline of memory chips.

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