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the United States and Europe gained 5.4 percent (1 viewing) (1) Guest
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the United States and Europe gained 5.4 percent 12 Years, 9 Months ago Karma: 0  
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South Korea's trade surplus reduced last month to $5.52 billion as exports fell for the first time in four months amid slowdown in the world's top two economies, a government report showed Monday.Trade surplus was $5.52 billion in June after recording a surplus of $5.92 billion in May,bottega veneta outlet, according to the Ministry of Trade,burberry handbags, Industry and Energy (MOTIE). The trade balance stayed in black for 17 straight months.Exports, which account for around half of the South Korean economy,Cheap USA true religion On Sale true religion jeans Outlet Online Store! True religion Outlet., fell 0.9 percent from a year earlier to $46.73 billionin June,Longchamp, the first decline in four months.Imports slid 1.8 percent to $41.21 billion over the same period. A steeper fall in imports offset the negative effect from export decline."We estimate Korea's June exports to contract due to slowdowns in US and Chinese manufacturing and a fall in operating days," Suh Dae-il,http://www.longchamppascherfoolan.fr, an economist at KDB Daewoo Securities in Seoul,oakley glasses, said before the data release.The purchasing managers' index (PMI) for manufacturers in the US and China retreated below the benchmark 50 in June, while the figure for European manufacturers remained below the level despite a rebound last month.A fall in business days,gucci shoes, which slid to 21.5 days in June from 22.5 a year earlier,Celine handbags, also affected exports. Daily average exports increased 3.7 percent in June after rising 0.9 percent in the prior month.Negative impacts from the devaluation of the Japanese yen kept hampering exports. Shipments to Japan tumbled 16.6 percent in June from a year earlier. Petroleum and steel exports, which depend heavily on Japan, declined 7.7 percent and 13.2 percent each last month.Exports to China,burberry outlet, the United States and Europe gained 5.4 percent, 5.7 percent and 13.1 percent respectively in June from a year earlier. Shipments of ships,celine bag, chips and telecommunication devices increased 11.8 percent,Prada outlet, 6.7 percent and 6.3 percent each last month,Chanel Outlet, but those for automobiles and general machinery retreated 1.6 percent and 10.7 percent each.Imports declined last month amid a fall in raw material prices. Inbound shipments of raw materials decreased 6.8 percent in June from a year ago, but those for capital goods increased 9.5 percent.For the first six months of this year, exports advanced 0.6 percent to $276.7 billion compared with the same period of last year. Imports reduced 2.6 percent to $257.1 billion over the cited period,true religion Outlet, sending the surplus to $19.6 billion.The ministry said exports to Japan and Europe slumped in the first half due to the weak yen and the fiscal crisis, but it noted that the slump was relieved by strong demand for tech and petrochemical products from emerging nations.South Korea's exports in the second half was forecast to grow at a faster pace than the past six months due to global recovery and the expected growth in ship exports,Longchamp, but external risk factors remained such as the US exit from the quantitative easing and volatility in the won/yen exchange rate,tory burch outlet, the ministry said.
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38 PM EDT2013-07-04 23

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