South Korea Exported 2.2% Of Its Textile And Leather Products In May This Year.

The Bank of Korea issued the "import and export price index for May" in 2015. The export price index of South Korea in 2015 May was 80.45 (with 2010 100 as the benchmark), compared with 78.59 in April, rising 2.4%, the largest increase in 11 months since the June 2016 2.6%.

It has been explained that the main reason for the biggest increase in export prices in Korea over the past 2 years was the exchange rate between the won and the US dollar and the rise in international oil prices in May.

In April this year, the average exchange rate between the won and the US dollar was 1147.51 won to 1 US dollars, but with the US raising interest rates, the average exchange rate in May rose to 1171.51 won to 1 dollars, up 2.1%.

The average monthly price of Dubai oil was $38.99 a barrel in April, rising to $44.26 a barrel in May. The export price of coal and petroleum products jumped 14.1% due to the rise in international oil prices.

It was pointed out that the price of the main export items rose in May this year, and the prices of industrial products increased by 2.4%.

and

Products increased by 2.2%, chemical products increased by 0.4%, grade I metal products increased by 3%, general machinery 2%, electrical and electronic machines 1.5%, and pportation equipment 2%.

Another agriculture and forestry water

Export prices rose by 2.2% over the previous month.

Moreover, in terms of import prices, the import price index in May was 77.43, an increase of 3.5% over the previous month. If compared with items, the import price of raw materials rose by 6.9%, the average price of intermediate goods increased by 2.9%, and the capital and consumption goods increased by 1.6% and 1.7% respectively.