South Korea Has $37.33 Billion Current Account Surplus In March

(RTTNews) - South Korea posted a current account surplus of $37.33 billion in March, the Bank of Korea said on Friday - up from $23.19 billion in February.

The goods account saw a $35.07 billion surplus as exports increased by 56.9 percent to $94.32 billion and as imports increased by 17.4 percent to $59.24 billion, both compared to one year earlier.

The services account posted a $1.29 billion deficit owing to deficits in the other business services and the manufacturing services accounts.

The primary income account recorded a $3.58 billion surplus due to an increase in the income on equity.

The secondary income account saw a $0.03 billion deficit.