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5mo ago

South Korea Posts 23rd Consecutive Monthly Current Account Surplus in March

March's $9.14 billion surplus highlights sustained export growth and primary income gains despite services deficits.

South Korean Trade Minister Cheong In-kyo (2nd from R) and U.S. Trade Representative Jamieson Greer (3rd from L) hold a meeting on the U.S.' new tariff policies and other trade issues in Washington on April 8, 2025, in this photo released by South Korea's Ministry of Trade, Industry and Energy the next day. (PHOTO NOT FOR SALE) (Yonhap)

Overview

  • South Korea recorded a $9.14 billion current account surplus in March 2025, marking 23 consecutive months of surpluses.
  • The goods account surplus reached $8.49 billion in March, driven by a 2.2% year-on-year increase in exports to $59.31 billion.
  • Imports rose 2.3% year-on-year to $50.82 billion, reflecting balanced trade dynamics.
  • The services account showed a $2.21 billion deficit in March, primarily due to increased overseas travel demand.
  • The Q1 2025 current account surplus totaled $19.26 billion, surpassing the $16.48 billion recorded in Q1 2024.