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S. Korea's Export Prices Fall 0.8% in January

Write: 2020-02-14 10:22:07Update: 2020-02-14 13:58:08

S. Korea's Export Prices Fall 0.8% in January

Photo : YONHAP News

South Korea's export prices fell slightly in January from a month earlier mainly due to the strengthening of the local currency against the U.S. dollar. 

According to the Bank of Korea(BOK) on Friday, the export prices index, in terms of the Korean won, came to 96-point-59 for the month, down point-eight percent from a month earlier.

From a year earlier, the index fell two-point-eight percent to extend the losing streak to eight months. 

The import prices index also dropped point-eight percent on-month to 107-point-95 in January due to falling crude oil prices. 

However, the index increased two-point-seven percent from a year earlier, rising for the second consecutive month. 

A BOK official said that the outbreak of the novel coronavirus, or COVID-19, appears to have yet to affect the country's export and import prices.

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