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…
Korea's July current account surplus reached $42 billion, down $7.65 billion from the previous month, according to central bank data released Friday. This marked the second-largest monthly surplus on record, following June's $49.73 billion. The goods account alone posted a $40.43 billion surplus, with exports soaring 65.3% year-on-year to $100.4 billion.
The primary income account also contributed a $4.35 billion surplus, driven by an increase in equity income. Korea has maintained a current account surplus for 39 consecutive months, starting from May 2023. In 2025, the country achieved its largest annual surplus ever, totaling $123.05 billion, surpassing the previous high of $105.1 billion set in 2015.
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