South Korea’s current account surplus fell for a second consecutive month in August.

According to preliminary data announced by the Bank of Korea(BOK) on Tuesday, the nation's current account surplus amounted to five-point-51 billion dollars in August.

It is the second month in a row the nation’s current account surplus posted a decline from the previous month, following a drop from 12-point-zero-six billion dollars in June to eight-point-67 billion in July.

It is also the lowest surplus in four months since a three-point-37 billion dollar excess in April.

Still, the country managed to extend its record long current account surplus to 54 straight months since it began to post a surplus in March 2013.

The goods account surplus dropped sharply from ten-point-78 billion dollars in July to seven-point-three billion dollars in August, the lowest point since seven-point-zero-two billion dollars in February of last year.  

The country’s exports in August stood at 41-point-seven billion dollars, down by three percent from the same month last year, while imports edged up by zero-point-six percent to 34-point-four billion dollars during the same period. 

It is the first time South Korea saw an on-year increase in imports since September 2014.