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S. Korea records current account surplus in June for second straight month, but surplus shrinks on-year Updated: 2022-08-05 12:25:33 KST

The latest trade data shows that South Korea recorded a current account surplus in June for a second straight month.
Preliminary data released by the Bank of Korea showed on Friday, that the balance of trade came to a surplus of five.six-one billion U.S. dollars.
But the surplus was three.two billion dollars smaller than it was a year earlier.
That's because growth in exports was offset by increased imports on the back of the higher cost of fuel and commodities.
Growth of goods exports was led by petroleum products with a more than nine percent on-year rise.
But imports of goods increased around 19 percent compared to the same month last year, with raw material imports rising nearly 29 percent.
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