Industrial Exports Down by 24% Year-on-Year in September

According to the Ministry of Industry, the value of total industrial exports dropped from $242.5M in September 2015 to $184.3M in September 2016.

The main exported products were Machinery and Electrical Equipment with a value of $47.3M, Products of the Chemical Industries with a value of $31.2M, Prepared Foodstuffs with a value of $30.7M and Base metals and articles of base metals with a value of $16.2M.

The most notable declines were seen in the export values of Products of the Chemical industries and Base Metals and Articles of Base Metals as they went from $48.00M and $28.6M in September 2015 to $31.2M and $16.2M in September 2015, respectively. These declines were mostly linked to the falling oil prices. 

The top export markets for Lebanese industrial products were Saudi Arabia, Iraq, and the United Arab Emirates with respective shares of 12.7%, 12.6% and 9.6% in total exports.

As for imports of Machinery and Industrial Equipment, they fell from $13.8M in September 2015 to $16.2M in September 2016.

In September 2016, the imports of machinery for food industries took the largest share in total imports with a value of $3.6M of which $1.1m were imported from China. Machines used for wrapping purposes accounted for $1.3M of which $0.7M were imported from Germany.

Values of Selected Industrial Export Categories (In $M)

 Industrial Exports Down by 24% Year-on-Year in September

Source: Ministry of Industry

 

 

 

 

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