According to the Bank of Korea (BOK), the surplus reached US$7.91 billion in July, a slight decrease from $7.92 billion tallied in the previous month.
The aggregate surplus in the first seven months of this year totaled $47.1 billion, up 20 percent or $7.85 billion from the same period last year, the report said.
The BOK has forecast that the country’s yearly current account surplus will reach $84 billion in 2014.
In July, the balance of goods posted a surplus of $6.86 billion, up from a surplus of $6.65 billion in the previous month, the report said.
Exports amounted to $53.89 billion, up 7.2 percent from a month earlier, while imports reached $47.03 billion, up 7.8 percent over the cited period, the report said.
The service account, including outlays by South Koreans on overseas trips, logged a deficit of merely $10 million, a sharp drop from $580 million in June.
reporter
Park Sae-jin
swatchsjp@ajunews.com
