Exporter confidence has hit an all time low.
The latest annual DHL Export Barometer survey shows only 51 percent of exporters are confident about increasing their export orders over the next 12 months.
Spokesman Tim Baxter says that's a significant drop from 70 percent a year ago.
"What the survey is telling us is three major factors impacting here. The first of them is exchange rate, the second is rising fuel costs and the third one is economic and political conditions as well as some international competition."
Tim Baxter says despite the gloomy outlook there's light at the end of the tunnel, exporters in agriculture have been leading other sectors with 60 percent of them expecting an increase in orders over the past 12 months.