South Korea Current Account

South Korea's current account surplus shrank to $6.81 billion in October 2025 from $13.47 billion in September, with the decline driven by the Chuseok holiday and higher US tariffs. Still, it marked the 30th straight month of surplus, the second-longest streak on record, even as exports weakened. The goods account posted a $7.82 billion surplus as exports fell 4.7% to $55.88 billion while imports dropped 5.0% to $48.06 billion from a year earlier. The services account recorded a $3.75 billion deficit due to shortfalls in travel and other business services. The primary income account showed a $2.94 billion surplus on stronger equity income, while the secondary income account logged a $0.19 billion deficit.