Arab Today, arab today south korea current account surplus expands in october
Last Updated : GMT 17:16:10
Arab Today, arab today
Arab Today, arab today

South Korea current account surplus expands in October

Arab Today, arab today

Arab Today, arab today South Korea current account surplus expands in October

South Korea's current account
Seoul - AFP

South Korea's current account surplus in October rose to $9 billion on growing exports of ships, memory chips and steel, state data showed Thursday.
The preliminary figure compared with a revised surplus of $7.4 billion in September, the central Bank of Korea said.
The current account -- the broadest measure of foreign trade in goods and services -- has been in the black for two years and eight months.
Exports last month amounted to $52.2 billion compared to $50.7 billion in September as overseas shipments of ships, memory chips and electronic devices all rose.
Imports stood at $43.5 billion, leaving an overall surplus of $8.7 billion in the goods account.
The services account, which includes spending on overseas trips and royalty payments, saw its deficit shrink to $250 million from $280 million a month earlier.
Asia's fourth-largest economy has racked up an accumulated current account surplus of $70.6 billion as of October.
It is on course to meet or exceed the central bank's target surplus of $84 billion for this year -- a record high -- Jung Joon, director of the BOK's financial statistics, told Yonhap news agency.

 

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Arab Today, arab today south korea current account surplus expands in october Arab Today, arab today south korea current account surplus expands in october

 



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