Korean terms of trade deteriorate in 2nd Quarter

KOREA - The nation's terms of trade deteriorated in the second quarter of the year, due to global hikes in the price of oil the Bank of Korea reports.

In a report on the trend of the nation's trade conditions, the Bank of Korea said yesterday that the net barter terms of trade index, calculated by dividing unit price of export goods by that of imports, was 97.4 in the second quarter, a setback from the preceding quarter's 103.7.

The central bank attributed the worsened terms of trade to the fact

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