Industrial exports decreased in September 2017 to $167.6M

According to the Industrial Information Department of the Ministry of Industry, the total value of industrial exports during the first nine months of the year 2017 amounted to about $1.82B compared to $1.89B during the same period of the year 2016, which is equivalent to a decrease in exports of 19% compared to 2016.

The total value of industrial exports in September 2017 was nearly $167.6 M compared to $184.3M in September 2016.

Some products witnessed an increase in their exports value; however, this rise was overcome by the significant decrease in the exports’ value of other products. In details, the exports of base metals and articles of base metal increased from $16.2M in September 2016 to $24.3M in September 2017. Also, the increase of the exports of pearls, precious or semi-precious stones and precious metals was $7.5M higher in September 2017 compared to September 2016 to reach $14.9M.

On the other side, products with a decreased exports value were Machinery and Electrical equipment: exports products in this category decreased from $47.3M in September 2016 to $25.6M in September 2017. Indeed, the decrease in the exports of these products was to Iraq mainly amounting to $10.94M in September 2016 compared to only $3.6M in September 2017. Also, exports of paper and paperboard articles dropped from $11.2M in September 2016 to $7.6M in September 2017 due to lower exports to Iraq and Syria.

The total import value of industrial machinery and equipment in September 2017 reached about $30.1M compared to $16.2M during the same period in 2016. The top import source was Italy in providing Lebanon with industrial machinery and equipment amounting to about $5.6M; the most predominant imports of machines are destined for the food industry followed by machines for the paper and cardboard industry.

Value of Industrial Exports by Product Category ($M)

Goods Sep-16 Sep-17 Variation 2016/2017
Animal products 0.3 0.6 0.2
Vegetable products 4 2.7 -1.2
Fats and edible fats and oils 2.9 1.8 -1.1
Prepared foodstuffs and tobacco 30.7 27.9 -2.8
Mineral products 0.7 0.5 -0.2
Products of the chemical industries 31.2 34.8 3.6
Plastics and rubber and articles thereof 11.9 11.6 -0.2
Raw hides and skins, leather, fur skins and articles thereof 0.6 0.8 0.1
Wood and articles of wood 0.9 0.7 -0.2
Paper and paperboard and articles thereof 11.2 7.6 -3.6
Textiles and textile articles 6.2 4 -2.2
Footwear, headgear, prepared feather 0.8 0.2 -0.5
Articles of stone, plaster, cement; glass and glassware 1.4 1.5 0.1
Pearls, precious or semi-precious stones, precious metals and articles thereof (Excluding unworked diamonds, silver and gold Ingots)[1] 7.4 14.9 7.5
Base metals and articles of base metal 16.2 24.3 8.1
Machinery and electrical equipment 47.3 25.6 -21.7
Transport equipment 1.3 1.5 0.2
Optical, measuring, medical, and musical instruments; clocks and watches 1.2 2.4 1.3
Arms and ammunition 0 0 0
Miscellaneous manufactured articles 8 4 -3.9
Total 184.3 167.6 -16.7

Source: Ministry of Industry

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