SEOUL, Oct. 23 ( Yonhap ) - The commercial terms of South Korea improved in September to the highest in three months , as import prices fell at a faster pace than exports, said Wednesday the Bank of Korea ( BOK , according to its acronym in English) .
The net rate of exchange for goods , a gauge of business conditions , which is calculated by dividing the export price index between import , based on 2010 and a benchmark index of 100 - was 89 , 7 September, an increase of 2.4 percent over last year , according to the central bank.
The annual growth rate in September marked the fastest increase since June, when the terms of trade rose 5.4 percent from the previous year.
The BOK said import prices fell at a faster pace than exports, improving terms of trade index for goods in the country from a year earlier.
However, the rate of income terms of trade by South Korea , which measures how much can be imported with the total value of exports - fell slightly last month from a year earlier , as the volume of exports fell by the reduction of working days due to the Chuseok holiday or Thanksgiving day Korean.
The terms of trade index by income came to
