Due to the rise in import prices of raw materials, the goods account deficit reached about $4.5 billion in August, and the total current account, including it, turned to deficit again for the first time in four months.
According to the interim balance of payments statistics released by the BOK on the 7th, the current account deficit in August was recorded as a deficit of 3.05 billion dollars.
Exports increased by 7.7%, centering on petroleum products, but imports increased by 30.9%, nearly four times that of exports.
Above all, as of August customs, imports of raw materials such as coal, gas, and crude oil increased 36.1% from the same month last year.