In a testament to its export powerhouse status, South Korea recorded a $13.26 billion current account surplus in January – its fifth biggest monthly haul ever. According to Bank of Korea data, this figure, though lower than December’s $18.7 billion, represented a staggering 397.4% year-on-year surge.
The streak of surpluses now stands at 33 months, second only to historical benchmarks. Breaking records further, 2025’s annual surplus reached $123.05 billion, surpassing 2015’s $105.1 billion.
Breaking it down, the goods balance shone brightest at $15.17 billion – third-highest ever. Exports rocketed 30% to $65.51 billion on semiconductor (102.5% up) and auto (19% up) strength. Imports grew 7% to $50.34 billion.
A $3.8 billion services deficit from travel demand was cushioned by $2.72 billion primary income gains via dividends. Secondary income dipped $830 million into the red.
On the financial front, net assets expanded $5.63 billion. Outbound direct investment rose $7.04 billion, inbound $5.34 billion. Portfolio flows were brisk: Koreans added $13.46 billion to overseas stocks, foreigners $4.69 billion to local markets.
These figures signal sustained economic vigor, with semiconductors fueling South Korea’s trade dominance and hinting at more milestones ahead.