Reply #87: S Korea's trade terms worsen in Q1

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http://news.xinhuanet.com/english2010/business/2011-05/16/c_13877099.htm

SEOUL, May 16 (Xinhua) -- South Korea's trade terms worsened in the first quarter as import price growth outpaced export price rise, the central bank said Monday.

Net terms-of-trade index for goods, calculated by dividing per- unit export price index by per-unit import price index, stood at 80.6 in the first quarter of this year, down 5.6 percent from a year earlier, the Bank of Korea (BOK) said in a statement.

The aggravated trade terms came as the per-unit import price growth outpaced per-unit export price advance amid rising commodity prices, according to the BOK.