S. Korea's trade terms keep upward trend for 15 months

South Korea's trade terms kept an upward trend for 15 straight months due to low oil prices, central bank data showed Thursday.

The net terms-of-trade index for goods, which gauges how many goods can be imported with a unit export, was 100.83 in November, up 9.1 percent from a year earlier, according to the Bank of Korea (BOK).

The trade terms continued to improve for 15 months since September last year.

The improvement came as import prices declined at a faster pace than export ones amid cheaper crude oil.

The income terms-of-trade index, which measures how many goods can be imported with total export proceeds, came in at 135.89 in November, up 9.9 percent from the same month of last year.

In terms of volume, exports increased 0.7 percent, with imports growing 2.8 percent last month. Enditem