Semiconductor export prices rebound after 9 months
viewer
It was reported that export prices rose for the second consecutive month as international oil prices rose along with the won-dollar exchange rate rise.
According to the’January 2021 Export-Import Price Index’ released by the Bank of Korea on the 16th, the export price in January was 94.55 (2015 = 100), a 1.8% increase from last year’s December (92.84), rising for two consecutive months.
Along with the rise in international oil prices, the won-dollar exchange rate was affected. The average monthly Dubai oil price rose 10% from $49.84 per barrel in December last year to $54.82 a barrel last month. The average won-dollar exchange rate rose 0.2% from 1,095 won 13 in December last year to 1,097 won 49 in January.
Coal and petroleum products rose 8.7% from the previous month, showing the largest increase. Primary metal products (3.6%), computers, electronics, optical devices (1.6%), and chemical products (1.3%) also rose. Among computers, electronics, and optical devices, semiconductors rose 2.7 percent in one month and rebounded in nine months. DRAM and diesel rose by 3.6% and 8.4%.
Import price rose 2.8% from the previous month (98.02%) to 100.74, rising for the second consecutive month. Also, due to the rise in international oil prices, mineral products, coal and petroleum products, etc. rose. Crude oil 10.2%, bituminous coal 10.9%, and propane gas 22.5% were cited as major risers.
Kang Hwan-gu, head of the BOK inflation statistics team, said, “As international oil prices, won-dollar exchange rates, and raw material prices continue to rise, import and export prices in February are expected to rise slightly from January.”
/ Reporter Jo Ji-won [email protected]
< 저작권자 ⓒ 서울경제, 무단 전재 및 재배포 금지 >