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[KH Explains] How should Korea adjust its trade defenses against Chinese EVs?
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South Korea's terms of trade deteriorated slightly in April from a year earlier as a rise in export prices was offset by a hike in import prices, central bank data showed Friday.
The terms of trade index for products came to 101.38 last month, down 1.1 percent from a year earlier, according to preliminary data from the Bank of Korea .
The index measures the amount of imports a country can purchase for each unit of exports, showing how the country's exports are doing in comparison to others.
Last month, export prices rose 10.5 percent from a year ago, while numbers for imports increased 11.6 percent, the BOK data showed.
The income terms of trade rose 3.8 percent on-year to 143.97 last month, the central bank said. (Yonhap)
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