South Korea's Economic Resilience Shines Through

For an impressive 22 consecutive months, South Korea has maintained a current account surplus, showcasing the strength and resilience of its export-driven economy in the face of global economic uncertainties.

Breaking Down the Numbers

In February, the current account surplus was recorded at a staggering $71.8 billion, marking the third-longest streak since the 2000s. The goods account surplus reached $81.8 billion, with exports seeing a 3.6% increase year-over-year. Notably, sectors like computers, pharmaceuticals, and passenger cars experienced significant growth.

Regional Trade Performance

While Southeast Asia saw a 9.2% increase in trade, challenges were noted in China, Japan, and the EU. Imports rose by 1.3%, driven by capital goods, despite a decrease in raw material imports due to falling energy prices.

Looking Ahead

Song Jae-chang of the Bank of Korea highlighted the potential impact of U.S. tariff policies, suggesting a gradual effect on exports such as automobiles and steel. Despite these challenges, South Korea's current account surplus underscores its economic resilience.