Korea extends current account surplus in July amid strong exports
Korea posted a current account surplus in July, central bank data showed Friday, led by robust exports amid the global artificial intelligence (AI) boom. The current account surplus totaled $42 billion in July, down $7.65 billion from a month earlier, according to data from the Bank of Korea (BOK). Compared with the same month a year earlier, the figure jumped $30.1 billion. It marked the…
South Korea's central bank data revealed a current account surplus of $42 billion in July, down from $49.73 billion in June but up $30.1 billion compared to July 2023. This marked the second-largest monthly surplus on record, following June's record-breaking figure. The goods account contributed $40.43 billion to the surplus, with exports soaring 65.3% year-on-year to $100.4 billion.
Meanwhile, the primary income account recorded a $4.35 billion surplus due to rising equity income. Korea has maintained a current account surplus since May 2023, achieving a record 39th consecutive month of surplus balance in July. In 2025, South Korea recorded its largest annual current account surplus ever, totaling $123.05 billion, surpassing the previous high of $105.1 billion set in 2015.
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