2023: South Korea's current account surplus with US hits record $91.25bn, deficit with China reduces to $30.98bn.
South Korea's current account surplus with the US reached a record high of $91.25bn in 2023, according to the Bank of Korea, driven by strong demand for locally-made automobiles. Simultaneously, the current account deficit with China reduced to $30.98bn in 2023 from $8.45bn the previous year. The overall current account surplus for South Korea increased to $35.49bn in 2023 from $85.23bn in 2022.
June 19, 2024
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