S. Korea's current account surplus at US$ 11.25 bil. in Q1, lowest since 2012 Q2
- 5 years ago
South Korea's current account surplus for the first quarter of 2019 slumped to a low not seen in roughly seven years.
The Bank of Korea says the current account surplus recorded eleven-point-two-five billion U.S. dollars, the smallest figure since Q2 of 2012,... mainly due to slowing global trade and sluggish chip exports.
Overall exports and imports dipped by around eight percent on-year in the first quarter.
In March, the current account surplus recorded four-point-eight billion dollars, remaining in the black for the 83rd consecutive month, though it fell by eight percent on-year.
The Bank of Korea says the current account surplus recorded eleven-point-two-five billion U.S. dollars, the smallest figure since Q2 of 2012,... mainly due to slowing global trade and sluggish chip exports.
Overall exports and imports dipped by around eight percent on-year in the first quarter.
In March, the current account surplus recorded four-point-eight billion dollars, remaining in the black for the 83rd consecutive month, though it fell by eight percent on-year.