South Korea posted a current account surplus for the eleventh consecutive month in March on the back of a recovery in exports despite the COVID-19 pandemic. 

According to tentative data from the Bank of Korea(BOK) on Friday, the country's current account surplus reached seven-point-82 billion U.S. dollars in March, up one-point-88 billion dollars from a year earlier.  

The current account has been in the black for eleven straight months since the country logged a deficit of three-point-33 billion dollars in April of last year. 

The current account surplus came to 22-point-eight billion dollars in the first quarter, up 76-point-five percent from a year earlier.

The goods balance posted a surplus of seven-point-92 billion dollars in March, up 960 million dollars on-year.

Exports increased by 18-point-five percent on-year to 54-point-four billion dollars, while imports jumped 19-point-three percent on-year to 46-point-46 billion dollars.