South Korea current account surplus in 2010 the fourth highest on record

 SEOUL Jan. 27 (Xinhua reporters the right to Pandan) South Korean central bank - the Bank of Korea data released on 27, South Korea current account surplus in 2010 was 28.21 billion U.S. dollars, the fourth highest in history value. Meanwhile South Korea since 1998 achieved 13 consecutive years, the current account surplus.

data show that the current account surplus in 2010 than in 2009 decreased by 45.8 billion U.S. dollars. History of Korea's current account surplus higher, respectively, in 1998 the first three 426 billion U.S. dollars, 32.79 billion U.S. dollars in 2009 and 2004, 323 billion dollars.

Specifically, the semiconductor and automotive outstanding export performance, South Korea, the scale of last year's surplus in goods was 41.9 billion U.S. dollars. Among them, the export value of 464.3 billion U.S. dollars, up 29.6% over the previous year.

stakeholders that the Bank of Korea, as an excellent export performance, South Korea last year to achieve a massive current account surplus. This year, although rising oil prices and the sharp increase in energy consumption and other factors will drive imports, but exports continued to grow marine and automotive, semiconductor exports continue to benefit, so in January this year, South Korean current account surplus is expected to continue to achieve.