South Korea's exports record biggest drop since 2009

South Korea's exports declined every single month in 2015, resulting in the slowest annual economic growth since 2012South Korea’s exports, the main driver of the national economy, suffered their sharpest drop in more than six years in January, extending what is now a 13-month losing streak. Government data released on Monday showed exports down 18.5 percent from the same month last year at $36.7 billion — the steepest decline since August 2009. The report cited a host of factors, such as slowdowns in major economies, including South Korea’s biggest trade partner China which accounts for a quarter of the country’s exports.

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