S. Korea logs current account surplus for 27th month in July
SEOUL, Sept. 4 (Xinhua) -- South Korea logged current account surplus for the 27th successive month in July due to strong demand for locally-made semiconductors and cars, central bank data showed Thursday.
Current account balance, the broadest measure of cross-border trade, recorded a surplus of 10.78 billion U.S. dollars in July, staying in black since May 2023.
The surplus was down from 14.27 billion dollars in the previous month, but it marked the highest July figure.
Trade surplus for goods came to 10.27 billion dollars in July, lower than 13.16 billion dollars in the previous month.
Service account deficit stood at 2.14 billion dollars in July, improving from a deficit of 2.53 billion dollars in June.
Primary income account, which includes monthly salary and investment income, registered a surplus of 2.95 billion dollars on solid dividend income from foreign stock investment.
Financial account, which gauges cross-border capital flow without transactions in goods and services, achieved a net outflow of 11.08 billion dollars in the cited month. ■
