Korea’s current account surplus widened in September from a year, central bank data showed on Nov. 3.
The country’s current account surplus reached US$12.21 billion in September, compared with a surplus of US$8.07 billion a year earlier, according to the preliminary data from the Bank of Korea.
The BOK said the goods account surplus widened to US$15.01 in September, up from US$10.66 billion a year earlier.
Meanwhile, the services account deficit widened to US$2.90 billion from a deficit of US$2.58 billion a year earlier due to a rise in overseas trips and deteriorations in the manufacturing services.
The primary income account surplus increased to US$1.15 billion in September from a surplus of US$780 million a year earlier.
Exports rose 25.5 percent on-year to US$55.09 billion in September, with imports surging 20.5 percent to US$40.08 billion.
By Alex Lee and newswires (email@example.com