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S. Korea’s trade terms deteriorate from faster imports growth
Collected
2017.03.23
Distributed
2017.03.28
Source
Go Direct
South Korea’s trade terms deteriorated in February as imports led by oil and other commodity grew faster than the recovery pace in exports, according data from the Bank of Korea Wednesday.

The index for import value jumped 24.3 percent on year to 102.62 (in measurement of price change against 2010 base of 100), the highest gain since 30.0 percent record in September 2011. Value of coal and petroleum-related imports jumped 59.8 percent.

Export value index in February jumped 22.2 percent to 115.62, also led by 72.2 percent jump in coal and petroleum shipments.

Trade volume also kept up growth pace. The export volume index maintained growth for the fourth straight month, rising 10.0 percent to 133.77 in February - the fastest growth in 26 months. The import volume index rose 8.6 percent to 119.30.

By Boo Jang-won

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