South Korea's exports are in a record slump and could continue falling.
According to the Korea Customs Service, exports between January and April 10th stood at roughly 126.5 billion US dollars, down 14.3% from a year ago.
In the first ten days of April, exports amounted to some 10.5 billion dollars, down 25.7% compared to the same period last year.
Exports for March slipped 8.2% year-on-year to stand at 43 billion dollars. The figure marked a drop in exports for the 15th consecutive month, or the longest fall since monthly export statistics were collected in 1970, according to Korea's (KBS WORLD) radio.
The customs agency said that exports of petroleum products shrank sharply due to the drop in global oil prices. Out of the nation's exports, around 50% of items are affected by oil prices.