An index measuring prices of South Korean exports in the local currency fell for the second consecutive month in April, posting the lowest figure in 31 years, due to a stronger won.
 
The Bank of Korea(BOK) announced on Thursday that last month’s export price index stood at 78-point-19, down three-point-four percent from March. The index is calculated by setting export prices of 2010 as 100.
 
The latest figure is the lowest to be recorded since March 1985, when the export price index stood at 78-point-eleven.
 
The drop in the figure came after the average won-dollar exchange rate slipped from one-thousand-188 won in March to one-thousand-147 won in April, or down three-point-four percent.
 
The export price index of agriculture, forestry and marine products fell nine-tenths of a percent and of industrial products three-point-four percent.
 
Out of industrial goods, the export price index of electric and electronic devices, which are key export items, slipped four-point-seven percent from March while the index of machinery and transportation equipment each fell three-point-one percent.
 
In particular, the export price index of DRAMs plunged nearly eleven percent and of flash memory eight-and-a-half percent.