Archive · 11 Jun 2025

South Korea's Current Account Surplus Narrows Amid U.S. Tariffs

South Korea's Current Account Surplus Narrows Amid U.S. Tariffs

South Korea's trade surplus, meaning they sold more goods than they bought, is still there but is shrinking.

This is due to the US putting tariffs, or extra taxes, on some South Korean products.

The country has had a trade surplus for a long time.

Exports are still growing a little bit, while imports are going down.

The US tariffs are affecting items like cars, steel, and aluminum.

South Korea is now talking to the US about these tariffs, hoping to reach an agreement soon.

Sources