Korea logs current account surplus for 24th consecutive month in April

Korea logged a current account surplus for the 24th consecutive month in April on rising exports, central bank data showed Tuesday.

The country's current account surplus reached $5.7 billion in April, following a $9.14 billion surplus the previous month, according to the data compiled by the Bank of Korea.

Korea has reported a current account surplus every month since May 2023.

The goods account logged an $8.99 billion surplus in April as exports climbed 1.9 percent from a year earlier to $58.57 billion.

Imports fell 5.1 percent to $49.58 billion.

The services account, however, registered a $2.83 billion deficit in April, according to the central bank.

The primary income account, which tracks the wages of foreign workers, dividend payments from overseas and interest income, logged a $190 million deficit in April.

Yonhap