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South Korea Logs 25th Straight Current Account Surplus With $10.14 Billion Gain

Strong goods exports and primary income inflows drove May’s surplus despite a widening services deficit.

Containers are stacked at a port in South Korea's city of Pyeongtaek on July 1, 2025. (Yonhap)

Overview

  • The goods account surplus reached $10.66 billion as exports dipped 2.9% to $56.93 billion while imports fell 7.2% to $46.27 billion on weaker raw-material demand.
  • The services account posted a $2.28 billion deficit driven by elevated outbound travel spending.
  • A $2.15 billion primary income surplus reflected higher foreign wage receipts, overseas dividends and interest earnings.
  • January–May cumulative surplus climbed to $35.11 billion from $27.06 billion a year earlier, underscoring accelerating external gains.
  • South Korea has now recorded uninterrupted monthly current account surpluses since May 2023.