FX.co ★ South Korea Current Account Surplus Narrows in Oct

South Korea experienced a decline in its current account surplus to $6.81 billion in October 2025, a decrease from the $13.47 billion reported in September. This reduction was influenced by the Chuseok holiday and increased U.S. tariffs. Despite this dip, the surplus has persisted for 30 consecutive months, marking the nation's second-longest record of continuous surpluses, even as exports showed signs of weakening. The goods account reported a surplus of $7.82 billion, with exports declining by 4.7% to $55.88 billion, and imports decreasing by 5.0% to $48.06 billion compared to the previous year. Meanwhile, the services account registered a $3.75 billion deficit, primarily due to deficits in travel and various business services. The primary income account reflected a $2.94 billion surplus aided by robust equity income, whereas the secondary income account witnessed a $0.19 billion deficit.