WORLD

[Graphic News] S. Korea’s export prices down 1% in May on strong won

By Korea Herald
  • Published : Jun 18, 2017 - 18:08
  • Updated : Jun 18, 2017 - 18:08



South Korea’s export prices fell in May due to the strong won and a drop in oil prices, central bank data showed Friday.

Export prices fell 1 percent in May, according to data. Still, year-on-year, export prices jumped 5.3 percent last month, marking the seventh consecutive month of gains.

Export prices of industrial goods fell 1 percent month-on-month, according to the latest tally, while those of agricultural and fisheries products climbed 1 percent during the same period.

Import prices also fell 1.4 percent in May from a month earlier, due to a fall in oil prices. Year-on-year, import prices jumped 4.1 percent, the central bank said.