You are here

South Korea's November seasonally adjusted current account surplus falls to 6-month low

[SEOUL] South Korea's current account surplus fell to a seasonally adjusted US$6.75 billion in November from a revised US$7.35 billion in October to mark the lowest since May last year, central bank data showed on Tuesday.

Exports in November dropped 6.5 per cent to US$42.85 billion from October on a seasonally adjusted basis while imports slipped a slower 3.4 per cent to US$34.70 billion over the same period, the Bank of Korea data showed.

This produced a goods account surplus of US$8.15 billion in November, the Bank of Korea data showed, which was the smallest surplus since May 2015.

In the financial account, South Korea saw a net outflow of US$8.70 billion in November, compared to a net outflow of US$11.09 billion in October. These figures were not adjusted for seasonal patterns.

REUTERS

BT is now on Telegram!

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