S. Korea's current account surplus amounts to 7.51 bln USD in February

South Korea's current account surplus amounted to 7.51 billion U.S. dollars in February, keeping a surplus trend for 48 months in a row.

The broadest measure of cross-border capital flow maintained the longest monthly surplus for the 48th consecutive month since March 2012 thanks to a fall in both exports and imports, according to Bank of Korea (BOK).

Exports reduced 9.3 percent from a year earlier to 36.55 billion dollars in February, and imports tumbled 13.9 percent to 28.65 billion dollars. Trade surplus was 7.9 billion dollars in February, unchanged from the previous month.

Imports declined at a faster clip as global crude oil prices trade at a very low level. Dubai crude, South Korea's benchmark, averaged 29.6 U.S. dollars per barrel in February, lower than 55.6 dollars a year ago. Enditem