SEOUL: Export prices in South Korea added 0.3 percent on month in December, the Bank of Korea said on Wednesday – following the 1.1 percent contraction in November. On a yearly basis, export prices dropped 6.0 percent following the 8.6 percent drop in the previous month.
Among the individual components, export prices for agricultural, forestry and marine products added 0.5 percent on month and fell 1.4 percent on year, while manufacturing prices added 0.3 percent on month and lost 6.0 percent on year.
For all of 2015, export prices were down 5.2 percent as agricultural prices dipped 0.3 percent and manufacturing prices slid 5.2 percent. Import prices fell 1.0 percent on month in December after shedding 1.7 percent in November. Import prices also plummeted 11.9 percent on year following the 15.6 percent decline in the previous month.
Among the individual components, import prices for raw materials tumbled 7.2 percent on month and 32.1 percent on year, while intermediate goods added 0.7 percent on month and lost 6.3 percent on year, capital goods added 2.0 percent on month and 3.3 percent on year and consumer goods advanced 1.1 percent both on month and on year.
For all of 2015, import prices skidded 15.3 percent. Raw material prices were down 34.0 percent, while intermediate goods fell 8.5 percent, capital goods added 1.4 percent and consumer goods were up 1.3 percent.
