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S.Korea Feb current account surplus narrows vs Jan
March 27, 2013 / 11:07 PM / 5 years ago

S.Korea Feb current account surplus narrows vs Jan

SEOUL, March 28 (Reuters) - South Korea’s seasonally adjusted current account surplus fell to $4.45 billion in February from a revised $6.59 billion in January, when it hit an all-time high, central bank data showed on Thursday.

Exports last month fell by a seasonally adjusted 5.0 percent to $47.29 billion over the previous month while imports edged down 0.3 percent to $42.91 billion, producing a goods account surplus of $4.38 billion, the Bank of Korea data showed.

In the financial account, Asia’s fourth-largest economy saw a net outflow of $3.31 billion in February, without adjustment for seasonal patterns, compared to a revised net outflow of $0.96 billion in January, the data showed. (Reporting by Christine Kim; Editing by Choonsik Yoo)

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