South Korea’s exports dropped last month both in terms of volume and value.

The Bank of Korea said on Wednesday that volume indexes of exports stood at 111-point-03 in May, down by three-point-one percent from a year earlier. 

The decline was led by fewer outbound shipments of computers, electronic and optical products, which as a whole decreased by nine-point-eight percent in volume. 

The value of exports posted the largest declines in 37 months with the value indexes of exports falling by 10-point-seven percent on-year to 110-point-06 points. It was the sixth consecutive month export volumes fell.