(MENAFN) Data from Central Bank showed on Tuesday that S. Korean terms of trade enhanced comparing to the previous year, due to fall in import prices compared to drops in export prices.
Based on the preliminary data from Bank Of Korea (BOK), the terms of trade index came to 100.9 last month, up 0.4% from a year earlier.
Furthermore, in July, export prices declined 88.3% from a year ago, whereas import prices fell 8.6%.
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