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S.Korea's current account surplus falls in March

SEOUL
2022-05-10 10:39

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SEOUL, May 10 (Xinhua) -- South Korea's current account surplus fell in March due to rapid import growth, caused by higher commodity prices, central bank data showed Tuesday.

Current account surplus, the broadest measure of cross-border trade, amounted to 6.73 billion U.S. dollars in March, according to the Bank of Korea (BOK).

The current account balance stayed in black for 23 straight months since May 2020, but it was lower than 7.5 billion dollars tallied a year earlier.

Trade surplus for goods declined to 5.31 billion dollars in March from 7.85 billion dollars a year earlier due to faster increase in import than export.
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