South Korea posted a surplus in its trade balance of gold for the first time in four years last year thanks to rising gold prices.

According to the Bank of Korea(BOK) on Monday, the country’s balance of trade in nonmonetary gold logged a surplus of 265 million U.S. dollars last year.

Nonmonetary gold covers exports and imports of all gold that is not held as foreign reserve assets by the central bank.

South Korea’s gold exports reached one-point-15 billion U.S. dollars last year, up 25-point-four percent from a year earlier, while its imports came to 886-point-five million dollars, down 25-point-eight percent on-year.