You are here

South Korea's August current account surplus falls to 4-month low

korea.jpg
South Korea's seasonally adjusted current account surplus declined for a second month in August to US$5.79 billion from a revised US$8.29 billion in July, central bank data showed on Tuesday

[SEOUL] South Korea's seasonally adjusted current account surplus declined for a second month in August to US$5.79 billion from a revised US$8.29 billion in July, central bank data showed on Tuesday.

Exports in August rose 2.2 per cent to a seasonally adjusted US$43.22 billion while imports jumped a far quicker 12.8 per cent to US$35.34 billion, producing a goods account surplus of US$7.9 billion, the Bank of Korea data showed.

The August current account surplus was the smallest in seasonally adjusted terms seen since April this year.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes