trade terms-January tally
Trade terms worsen for 22nd straight month in Jan.
SEOUL, Feb. 28 (Yonhap) -- South Korea's terms of trade worsened for the 22nd straight month in January from a year earlier as export prices fell at a faster pace than import prices, central bank data showed Tuesday.
The nation's net terms-of-trade index for goods came to 84.65 in January, down 5.2 percent from a year earlier, according to the preliminary data from the Bank of Korea.
From a month earlier, the index rose 1.6 percent.
The index is calculated by dividing the index for export prices by that for import prices. It shows the amount of imports a country can buy for each unit of exports, with a lower figure meaning worse trade terms.
In January, export prices fell 6.1 percent on-year, while import prices declined 0.9 percent, the data showed.
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