# Korea’s export-import prices turned lower in June on weaker USD, oil prices - 매일경제 영문뉴스 펄스(Pulse)

> The Bank of Korea reported that its export price index fell 2.1% in June, and the import price index fell 3.5%, driven by a weaker US dollar and lower oil prices. Dubai crude averaged $61.78 per barrel, down 11% from May.

- Date: 2019-07-12 · published 2019-07-12T12:00:00.000Z
- Category: report · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/58308-korea-s-export-import-prices-turned-lower-in-june-on-weaker-usd-oil-prices-pulse
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower oil prices reduce input and freight costs for feed production and shipping, while a softer dollar makes US commodity imports cheaper for Korean buyers.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-08-15 | [Oil prices sink after big, unexpected jump in US crude stockpiles](https://feedsoft.ai/events/63706-oil-prices-sink-after-big-unexpected-jump-in-us-crude-stockpiles.md) | +0.4% | +5.0% |
| WTI | 2020-09-03 | [What Explains The Sudden Drop In Oil Prices? \| OilPrice.com](https://feedsoft.ai/events/10229-what-explains-the-sudden-drop-in-oil-prices-oilprice-com.md) | -12.0% | -8.9% |
| WTI | 2023-06-01 | [EIA expects lower crude oil prices for the second half of 2023 and for 2024](https://feedsoft.ai/events/36102-eia-expects-lower-crude-oil-prices-for-the-second-half-of-2023-and-for-2024.md) | +6.5% | +2.6% |
| WTI | 2018-01-19 | [IEA Sees ‘Explosive’ Growth in U.S. Oil Output as Prices Rally - Bloomberg](https://feedsoft.ai/events/67147-iea-sees-explosive-growth-in-u-s-oil-output-as-prices-rally-bloomberg.md) | +2.5% | -3.9% |
| WTI | 2021-07-21 | [Oil retreats on surprise rise in U.S. stocks, weakening demand outlook \| CNBC Africa](https://feedsoft.ai/events/6362-oil-retreats-on-surprise-rise-in-u-s-stocks-weakening-demand-outlook-cnbc-africa.md) | +6.4% | -1.2% |
| BRENT | 2018-08-15 | [Oil prices sink after big, unexpected jump in US crude stockpiles](https://feedsoft.ai/events/63706-oil-prices-sink-after-big-unexpected-jump-in-us-crude-stockpiles.md) | +0.7% | +9.8% |
| BRENT | 2020-09-03 | [What Explains The Sudden Drop In Oil Prices? \| OilPrice.com](https://feedsoft.ai/events/10229-what-explains-the-sudden-drop-in-oil-prices-oilprice-com.md) | -7.3% | -6.7% |
| BRENT | 2023-06-01 | [EIA expects lower crude oil prices for the second half of 2023 and for 2024](https://feedsoft.ai/events/36102-eia-expects-lower-crude-oil-prices-for-the-second-half-of-2023-and-for-2024.md) | +6.3% | +2.1% |

## Sources

- pulse.mk.co.kr: https://pulse.mk.co.kr/news/english/8895195

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.