Korea records $50 billion customs surplus in September, Brad Setser notes

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01.10.2026

Korea records $50 billion customs surplus in September, Brad Setser notes — Korea reports $50 billion customs surplus

Brad Setser highlights the significant customs surplus reported by Korea for September. According to Setser, Korea posted a $50 billion surplus for the month, which would annualize to $600 billion if maintained over twelve months.

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Setser has recently pointed to trends among Asian government pension funds, including their sustained impact on market movements such as those by NPS and GPIF in the region (full article). He has also observed that China is moving some reserves away from the dollar to agency securities, with formal reserves remaining at 55 percent in dollar assets (full article). These observations provide context to his latest update on Korea’s customs balance.

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