Economic Buzz: South Korea Posts Current Account Surplus In March

10 May 2022 , 11:27 AM

South Korea had a current account surplus of $6.73 billion in March, up from $6.42 billion in February, as reported by the Bank of Korea. The goods account surplus decreased to $5.31 billion, compared to the $7.85 billion figure in March 2021. The services account recorded a $0.36 billion surplus, up from the $1.10 billion deficit seen one year earlier, owing to a large surplus in the transport account. The primary income account surplus decreased from $1.29 billion the year previously to $1.15 billion in March. The secondary income account saw a $0.09 billion deficit. Looking at the financial account, net assets increased by $5.37 billion during March. For the first quarter of 2022, the current account surplus was $15.06 billion.Powered by Commodity Insights