Seoul: South Korea logged a current account surplus for the 24th consecutive month in April on rising exports, central bank data showed Tuesday. The country's current account surplus reached US$5.7 billion in April, following a $9.14 billion surplus the previous month.
According to Yonhap News Agency, South Korea has reported a current account surplus every month since May 2023. The goods account logged an $8.99 billion surplus in April as exports climbed 1.9 percent from a year earlier to $58.57 billion. Imports fell 5.1 percent to $49.58 billion.
The services account registered a $2.83 billion deficit in April, according to the central bank. The primary income account, which tracks the wages of foreign workers, dividend payments from overseas, and interest income, logged a $190 million deficit in April.