S. Korea's export prices fall 1.4 pct last month on strong won
SEOUL, April 14 (Yonhap) -- South Korea's export prices fell 1.4 percent in March from a month earlier due mainly to the strengthening won, central bank data showed Friday.
The dollar came to an average of 1,134.77 won in March, down 0.9 percent from a month earlier, the Bank of Korea (BOK) said in a statement.
For exporters, the won's gain means decreased income as dollar-denominated earnings from their overseas businesses fall in value when repatriated into the local currency.
Import prices also declined 2 percent last month from the previous month due to a fall in oil prices.
Year-on-year, however, export and import prices both jumped, the central bank said.
Export prices rose 4.9 percent in March from a year earlier, while import prices jumped 6.9 percent during the same period, the BOK said.
The price of Dubai crude, South Korea's benchmark, dropped to an average of US$51.20 in March from $54.39 a month earlier, a central bank official said.
South Korea's exports came to US$48.9 billion in March, up 13.7 percent from $43 billion tallied a year earlier.
entropy@yna.co.kr
(END)
-
(URGENT) S. Korea's science minister confirms space rocket Nuri's launch success
-
Three indicted in massive stock manipulation case
-
(3rd LD) Passenger opens door of Asiana Airlines plane before landing at Daegu airport
-
BTS' J-Hope completes basic training for military service
-
(6th LD) S. Korea successfully launches space rocket Nuri in major milestone for space program
-
N. Korea's aircraft maintenance activity at 'unusual' level: 38 North
-
(LEAD) Asiana Airlines plane's door opens right before landing at Daegu Airport
-
S. Korea to send delegation to Europe for talks on stronger economic, biz ties
-
(2nd LD) S. Korean experts to inspect radioactive water storage tanks, purification system at Fukushima plant
-
(2nd LD) S. Korean experts begin on-site inspection of Fukushima nuclear plant
-
Man who opened plane door says he wanted to get off quickly: police
-
U.S. military stages 'Elephant Walk' training with F-16 fighters
-
(2nd LD) Arrest warrant issued for man who opened plane door mid-air
-
(LEAD) S. Korea steps up diplomatic efforts to win U.N. Security Council seat
-
Anticipated Korean blockbusters to check out this summer