SEOUL – South Korea’s current account surplus increased 60.6 percent year-on-year in October to $9.19 billion, thanks to the strength of the exporting sector, the Bank of Korea (BoK) reported on Thursday.
The surplus represents the 80th month of consecutive current account surplus for Asia’s fourth largest economy.
The figure is 15.1 percent lower compared to the September surplus, according to data published by the BoK.
Imports of goods grew by 33.5 percent compared to October 2017, to reach $46.24 billion, while exports rose by 28.8 percent to $57.2 billion.
This left a goods account surplus of almost $11 billion, 27.9 percent more year-on-year.