Economic Buzz: South Korea export prices slip 1.1% in June

Export prices in South Korea were down 1.1 percent on month in June, the Bank of Japan said on Wednesday - after slipping 3.5 percent in May.

On a yearly basis, export prices sank 4.5 percent after falling 2.6 percent in the previous month.

Individually, prices for agricultural, forestry and marine product exports fell 1.8 percent on month and climbed 3.7 percent on year, while prices for manufacturing product exports slumped 1.1 percent on month and 4.5 percent on year.

Import prices were down 0.6 percent on month and 6.2 percent on year after dropping 3.7 percent on month and 5.1 percent on year in the previous month.

Individually, prices for raw material imports rose 1.5 percent on month but tumbled 13.2 percent on year, while intermediate goods imports lost 1.6 percent on month and 4.9 percent on year, capital goods imports shed 1.1 percent on month and gained 1.2 percent on year and consumer good imports were down 1.0 percent on month and up -0.9 percent on year.

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