South Korea posted a current account surplus for four consecutive months starting in February.

The Bank of Korea said Friday that the current account surplus stood at three-point-six billion dollars in May.

The volume of the nation’s current account surplus posted an all-time high of six-point-six billion dollars in March. The figure then slid to four billion dollars in April and shrank further in May.

The central bank said the decline in the volume of the current account surplus was due to a drop in the trade surplus and a rise in the service account deficit.

Last month’s trade balance posted a surplus of five billion dollars, down from six billion dollars in April.

In particular, exports in May slid 27 percent year-on-year while imports shrank nearly 40 percent during the same period, showing that exports continued to drop more sharply than imports.

The nation’s service deficit, meanwhile, widened to some one-point-four billion dollars last month following a sharp rise in its travel deficit.

The capital account, which tracks cross-border investments, posted a net inflow of some six-point-seven billion dollars last month compared to a net inflow of nearly two billion in April.

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