Value of Industrial Exports Fell to $1.71B  y-o-y by August 2016

According to the data issued by the Ministry of Industry, the total value of industrial exports decreased from $2.5B during the first 8 months of the 2015 to $1.71 in 2016, as oil prices maintained their bearish trend and land exports kept on facing difficulties deriving from the Syrian war.

Moreover, compared to the same period last year, industrial imports fell by 4.9% from $170.5M to $166.9M by August 2016. Also, the average monthly exports by August of 2016 reached $214.1M versus $250.9M during the previous year.

By August 2016, the main industrial exports were machinery and mechanical appliances, prepared foodstuffs, followed by products of the chemical industry, with respective values of $415.4M, $297.3M, and $307M.

In August alone, the main importers of Lebanese products were the Arab countries, taking up to 51.20% of total industrial exports. In details, Iraq was on top of the list with $23.42M (10.05% of total exports), followed by Saudi Arabia and UAE with total export values of $22.99M (9.87% of total exports) and $21.14M (9.08% of total exports), respectively.

Industrial Exports by August ($B)

Value of Industrial Exports Fell to $1.71B  y-o-y by August 2016

Source: Ministry of Industry

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