Regeln » Shipments to the Middle East posted a single

SEOUL， Sept. 1 (Xinhua) -- South Korea's exports rebounded for the first time in 20 months， ending the longest monthly decline， on the back of strong demand for major export items such as semiconductors， a government report showed on Thursday.


Exports， which account for about half of the economy， rose 2.6 percent from a year earlier to 40.1 billion U.S. dollars in August， according to the Ministry of Trade， Industry and Energy (MOTIE). It marked the first expansion since December 2014， ending the longest monthly fall for 19 straight months.


The rebound came as demand for major export items， such as semiconductors and petrochemicals， recorded the largest in 2016. More business days compared with the same month of last year also made contributions.


Imports inched up 0.1 percent to 34.8 billion dollars in August， recording the first rebound in 23 months since September 2014.


Trade surplus in August amounted to 5.3 billion dollars last month， keeping the longest monthly surplus for 55 months since February 2012.


A daily exports averaged 1.67 billion dollars in August， down from 1.74 billion dollars in July.


For the first eight months of this year， exports amounted to 322.7 billion dollars， down 8.7 percent compared with the same month of last year.


By item， chip exports grew 2.5 percent over the year to 5.59 billion dollars in August， the largest this year. It was the first increase in 11 months as the launch of new Galaxy Note7 increased demand for semiconductors.


Petrochemical shipments gained 4.1 percent， rebounding in 22 months. Steel exports turned upward for the first time in five months on higher product prices.


Computer exports surged 23.4 percent， rising for the fourth consecutive month on demand for solid state drive (SSD). Ship exports soared 89.9 percent， with shipments for auto parts， textiles and general machinery growing 3.2 percent， 2.3 percent and 1.5 percent respectively.


Display panels shipment declined 7.1 percent over the year in August， but it was the slowest fall since July 2015 thanks to higher product prices and stronger demand for OLED panels used in smartphones and TVs.


Exports of telecommunications devices and consumer electronics retreated 9.0 percent and 11.4 percent each last month. Auto shipments tumbled 14.8 percent on labor strikes from carmakers.


By country， exports to China， South Korea's largest trading partner， shed 5.3 percent in August from a year ago， but it was the slowest fall since September 2015.


Shipments to the Middle East posted a single-digit fall of 7.6 percent in August， the lowest reduction in 14 months due to demand for steel products， petrochemicals and home appliances.


Exports to the United States posted a slower fall， but those to the European Union (EU) and Latin America logged a faster decline last month.


Meanwhile， raw material imports reduced 6.9 percent in August from a year ago amid lower crude oil prices， but imports of capital and consumer goods increased 3.6 percent and 9.4 percent each.


Apple's soon-to-be-launched red iPhones have stirred controversy in the Chinese mainland after netizens found that the (Product) RED branding was removed from Apple's Chinese mainland website and the (RED) initiative is supportive of the Dalai Lama who is seen as a secessionist by China.


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Despite the good intentions Celtics Kyrie Irving Jersey , the (Product)RED branding was not posted on Apple's Chinese mainland website despite being available on Apple's other regional websites.


The removal of the (Product)RED branding has raised various kinds of speculation on the Chinese Internet.


Some suspect that it was due to China's new NGO law which forbids overseas NGOs to conduct or fund activities that are deemed profitable or political.


Apple did not reply to a request for comment from the Global Times.


The discussion led some Chinese netizens to dig further into the matter and find that (RED) had sent a birthday wish to the Dalai Lama on Instagram on July 7 last year.


China considers Tibet a "core interest" of the country and sees the Dalai Lama as a separatist. The country has insisted that foreign leaders refrain from meeting the Dalai Lama.


The discovery of (RED)'s birthday wishes has infuriated many Chinese Net users who have called for the boycott of the red iPhone in the Chinese mainland. One netizen said foreign firms that prosper in the Chinese market while sabotaging the country's sovereignty behind its back are not welcome.


China is Apple's most important market. The company generated $16.2 billion in the Greater China region in the first quarter of fiscal 2017 that ended on December 31 Authentic Al Horford Jersey , 2016 Authentic Gordon Hayward Jersey , compared to $18.37 billion in the first quarter of fiscal 2016.


Apple has been working with (RED) for 10 years Authentic Paul Pierce Jersey , releasing a number of products under this branding. Apple raised more than $130 million through the sale of (RED) products.


According to the Shanghai-based news website guancha Authentic Larry Bird Jersey , Apple has modified the Web pages related to the aforementioned products to remove the branding.


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