S. Korea's exports drop

S. Korea's exports drop

SEOUL (Dow Jones): South Korea's prices on export and import products fell 11.7 percent and 9.1 percent, respectively, in April from a month ago due to the won's rise against the U.S. dollar, the central Bank of Korea said yesterday.

The drop in export and import prices this month was also attributed to subsiding demand in Southeast Asian countries, said the central bank.

This marks three consecutive months of decline in prices of exports and imports, it said.

Prices of export and import products rose 34.1 percent and 34.3 percent, respectively, in April from the same month a year ago, said the bank.

On the export side, prices of agricultural, livestock and fishery products fell 11.2 percent in April from a month ago and factory-produced goods dropped 11.8 percent, the bank said.