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Nation's Income Trade Terms Reach Record High in Q2

News2009-08-13
Nation's Income Trade Terms Reach Record High in Q2

The nation's income terms of trade rose to a record high in the second quarter.

The Bank of Korea (BOK) said Thursday that the nation's income terms of trade index reached 119-point-eight in the second quarter, the highest mark since 1988. The base year is 2005 with a benchmark index of 100.

The figure shows that the import volume capable of being purchased using the total value of exports increased 19-point-eight percent in the second quarter from 2005.

The record high growth in the index is attributed to falling oil prices and increases in exports.

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