Indices measuring prices of South Korean exports and imports in the local currency fell together for the second consecutive month due in part to the weakened won and falling international oil prices.
 
According to the Bank of Korea(BOK)'s latest report last month’s import price index was 81-point-52, down by two percent from February. 
 
February’s index had also dropped by two-point-one percent from January. The index is calculated by setting export prices of 2010 as 100.
 
The drop was attributed partly to the won-dollar exchange rate, which fell by zero-point-nine percent to one-thousand-134-point-77 won last month from one-thousand-144-point-92 won in February. It was also affected by the fall in international oil prices from 54-point-39 dollars to 51-point-20 dollars during the period.
 
The export price index in March stood at 84-point-96, down one-point-four percent from February, following an on-month decrease of one-point-four percent from January.
 
The export price of agro-fishery products fell two-point-two percent, while the export price of industrial goods declined one-point-four percent.