South Korea posts current account surplus for 23rd straight month

By Lim Jaeho Posted : May 9, 2025, 17:59 Updated : May 9, 2025, 17:59
port in Busan April 30 Yonhap
Shipment are stacked at a port in Busan, in this undated file photo. Yonhap
SEOUL, May 9 (AJP) - South Korea continued its current account surplus streak for the 23rd straight month, the Bank of Korea (BOK) said on Friday.

According to preliminary data compiled by the central bank, the surplus reached around US$9.14 billion in March, up $2 billion from the previous month.

Exports of goods rose slightly from a year earlier to around $59.31 billion, backed by a recovery in shipments of semiconductors and computer-related devices. Imports also went up more than two percent to $50.82 billion.

The service account, which includes tourism and shipping, remained in the red but narrowed its deficit to $2.21 billion, down from $3.21 billion the previous month, as the spring travel season began.

By country, exports saw a surplus with Southeast Asian nations and Europe, but posted a shortfall with China.

Meanwhile, the BOK raised its gloomy outlook, suggesting that its projection of $75 billion for this year's current account surplus is likely to be revised downward due to the effects of U.S. President Donald Trump's sweeping tariff policy.
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