ising Exchange Rates and Oil Prices, Rising Import and Export Prices... Semiconductor Export Prices Up for 6th Consecutive Month
NSP NEWS, By Soon-ki Lee and Soo-in Kang
ENX7, Read 0(Seoul=NSP NEWS AGENCY) = As international oil prices and the won-dollar exchange rate rose, import prices rose for the first time in three months. In addition, semiconductor export prices rose for six consecutive months compared to the previous month.
According to the ‘January Import and Export Price Index’ released by the Bank of Korea on the 16th, import prices rose 2.2% month-on-month last month, led by increases in mining products, computers, electronics and optical equipment, among others, due to the rise in international oil prices and the won-dollar exchange rate. On a year-on-year basis, the index rose 0.2%.
Dubai oil prices rose 2% from $77.33 per barrel in December last year to $78.85 last month. The average won-dollar exchange rate rose 1.5% from 1,303.98 won in December last year to 1,323.57 won last month. Raw materials rose 3.5% month-on-month, led by mining products. Intermediate goods rose 1.6% month-on-month, led by computer, electronic and optical equipment, coal and petroleum products. Capital goods and consumer goods rose 1.2% and 1.8% month-on-month, respectively.
According to the ‘January Import and Export Price Index’ released by the Bank of Korea on the 16th, import prices rose 2.2% month-on-month last month, led by increases in mining products, computers, electronics and optical equipment, among others, due to the rise in international oil prices and the won-dollar exchange rate. On a year-on-year basis, the index rose 0.2%.
Dubai oil prices rose 2% from $77.33 per barrel in December last year to $78.85 last month. The average won-dollar exchange rate rose 1.5% from 1,303.98 won in December last year to 1,323.57 won last month. Raw materials rose 3.5% month-on-month, led by mining products. Intermediate goods rose 1.6% month-on-month, led by computer, electronic and optical equipment, coal and petroleum products. Capital goods and consumer goods rose 1.2% and 1.8% month-on-month, respectively.
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Last month, export prices rose 3.2% compared to the previous month as the won-dollar exchange rate rose and computer, electronic and optical equipment, coal and petroleum products rose. This is a 3.7% increase compared to the same month last year.
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