SEOUL, Nov. 6 (Xinhua) -- South Korea's current account surplus hit a 11-month high in September on an expanded trade surplus for goods, central bank data showed Wednesday.
Current account surplus, the broadest measure of cross-border trade in goods and services, came in at 7.48 billion U.S. dollars in September, the biggest since October last year, according to the Bank of Korea (BOK).
Trade surplus for goods reached 8.84 billion U.S. dollars in September, marking the largest in 11 months.
Export, which accounts for about half of the export-driven economy, declined 10.3 percent over the year to 46.01 billion U.s. dollars in September, keeping a downward trend for 10 straight months.
Import reduced 3.0 percent to 37.17 billion U.S. dollars in the month, continuing to fall for five months in a row.
Services account balance, which measures the flow of travel, transport costs and royalties, posted a deficit of 2.51 billion U.s. dollars in September, worsening from a deficit of 2.48 billion U.s. dollars recorded a year earlier.
Primary income account, which gauges dividend and interest income as well as salary, logged a surplus of 1.4 billion U.s. dollars in September, up from a surplus of 970 million U.s. dollars a year earlier.
Financial account, which measures cross-border capital flow without transactions in goods and services, recorded a net outflow of 6.14 billion U.s. dollars in the month.
