South Korea’s current account surplus narrowed to USD 28.29 billion in April 2026, down from a slightly revised USD 37.93 billion in March. The decline was driven primarily by a smaller goods surplus, which slipped to USD 33.88 billion in April from USD 35.68 billion in the previous month. This occurred even as exports jumped 54.5% year-on-year, significantly outpacing a 16.1% increase in imports.
The services account deficit widened to USD 2.42 billion from USD 1.31 billion, and the primary income account shifted to a deficit of USD 2.53 billion after recording a surplus of USD 3.59 billion in March. At the same time, the secondary income deficit rose to USD 0.64 billion from USD 0.03 billion, largely reflecting a decline in income from equity.
Despite April’s moderation, the current account surplus for the first four months of 2026 surged to USD 102.67 billion, compared with USD 24.00 billion in the same period of 2025.
