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S. Korea Posts Current Account Surplus in November for Seventh Straight Month

Written: 2025-01-08 08:41:28Updated: 2025-01-08 15:18:00

S. Korea Posts Current Account Surplus in November for Seventh Straight Month

Photo : YONHAP News

The nation posted a current account surplus for the seventh consecutive month in November, due to a drop in imports of raw materials and consumer goods amid slowing exports. 

According to tentative data from the Bank of Korea on Wednesday, the current account surplus came to nine-point-three billion dollars in November.
 
The current account has posted a surplus for every month since May. 

The goods account posted a surplus of nine-point-75 billion dollars in November, marking the 20th consecutive month of surplus. 

Exports increased one-point-two percent on-year to 57-point-one billion dollars in November, slowing from a four percent increase the previous month.  

Imports dropped by four-point-four percent year-on-year to 47-point-four billion dollars.

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