Seoul, April 8 || South Korea logged a current account surplus for the 22nd consecutive month in February on rising exports, central bank data showed on Tuesday.
The country's current account surplus reached US$7.18 billion in February, following a $2.94 billion surplus the previous month, according to the data compiled by the Bank of Korea.
It marked the third-largest surplus ever for any February. The country has reported a current account surplus every month since May 2023, reports news agency.
The goods account logged an $8.18 billion surplus in February, marking the 23rd consecutive month of surplus.
The surplus came as exports climbed 3.6 percent on-year to $53.79 billion. Outbound shipment of computers, cars and bio-health items led the upturn, while exports of semiconductors and petroleum products went down in February.
Imports gained 1.3 percent on-month to $45.61 billion. The services account, however, registered a $3.21 billion deficit due largely to rising demand for overseas travel, according to the central bank.