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Financial News: South Korea Export Prices Advance 0.9% In September

South Korea Export Prices Advance 0.9% In September

10/17/2017 - 18:31:00 (RTTNews)

(RTTNews) - Export prices in South Korea climbed 0.9 percent on month in September, the Bank of Korea said on Wednesday - accelerating from 0.6 percent in August.

On a yearly basis, export prices climbed 10.9 percent, up slightly from 10.8 percent in the previous month.

Individually, export prices for agricultural, forestry and marine products were up 1.1 percent on month and 17.3 percent on year following the 0.9 percent monthly increase and the 5.9 percent yearly gain in August.

Export prices for manufacturing products gained 0.9 percent on month and 10.9 percent on year after picking up 0.6 percent on month and 10.8 percent on year a month earlier.

Import prices picked up 1.7 percent on month and 10.7 percent on year in September after gaining 1.6 percent on month and 9.1 percent on year in August.

Individually, import prices for raw materials jumped 2.7 percent on month and 27.2 percent on year after rising 2.8 percent on month and 25.2 percent on year in August.

Import prices for intermediate goods rose 1.8 percent on month and 8.3 percent on year after gaining 1.5 percent on month and 6.4 percent on year a month prior.

Import prices for capital goods added 0.2 percent on month and 1.7 percent on year after gaining 0.6 percent on month and 1.0 percent on year in the previous month.

Import prices for consumer goods picked up 0.3 percent on month and 0.6 percent on year after collecting 0.2 percent on month and 0.4 percent on year in August.

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