South Korea recorded a current account surplus of over seven billion U.S. dollars in January, marking the 47th consecutive month of a surplus.

Bank of Korea(BOK) officials said a current account surplus of seven-point-zero-six billion dollars was reported in January, continuing a surplus streak that began in March 2012.

January’s account surplus marked a fall of 300 million dollars from December 2015 but marked the highest among tallies from January in previous years.

Exports in January 2016 were worth 37-point-nine billion dollars, a fall of 15-point-eight percent from the same month a year earlier. Imports reached 29-point-eight billion dollars, a fall of 23-point-one percent.

BOK officials said declines in oil prices had expanded the current account surplus in January.