Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP NEWS AGENCY) = With semiconductor exports recovering, last month’s export value index rose 15.7% compared to the same month last year, showing improvement for five consecutive months.

According to the ‘January 2024 Trade Index and Terms of Trade’ announced by the Bank of Korea on the 28th, the export value index last month rose 15.7% compared to the same month last year due to an increase in computers, electronic and optical devices, and transportation equipment. In particular, the export value index of computers, electronics, and optical devices increased by 30.6% compared to the same month last year.

The export volume index also increased by 17.7% compared to the same month last year due to an increase in computers, electronic and optical devices, and transportation equipment.

Last month’s import value index decreased by 7.9% compared to the same month last year due to an increase in coal and petroleum products, machinery and equipment, but a decrease in mining products and chemical products.

The import volume index decreased by 3.9% compared to the same month last year due to an increase in coal and petroleum products, machinery and equipment, but a decrease in mining products and chemical products.

Last month’s net product trade index rose 3.1% compared to the same month last year as import prices(-4.2%) fell more significantly than export prices(-1.2%). The net product terms of trade index shows the amount of goods that can be imported with one unit of export price.

The income terms of trade index rose 20.8% compared to the same month last year, with both the export volume index(17.1%) and the net product terms of trade index(3.1%) rising.

By Soon-ki Lee(s8789@nspna.com) and Soo-in Kang(sink606@nspna.com)

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