Korea's terms of trade deteriorates in September

South Korea's terms of trade deteriorated for the tenth consecutive month in September as import prices surpassed export prices due to rising oil prices.
The central bank says the terms of trade index for products, which measures the amount of imports a country can purchase for each unit of exports, came to 94-point-64 last month, down seven-point-eight percent on-year.
Korea's benchmark Dubai crude rose over 44 percent on-year last month.
The export and import volume index also fell, which the bank attributed to four fewer working days in September due to the Chuseok holiday.