According to the Lebanese Ministry of Industry, the value of industrial exports rose by 1.5% year-on-year (y-o-y) from $216.3 million in December 2016 to $219.6 million in December 2017.
For the totality of 2017, the value of industrial exports declined by 2% to $2.47 billion compared to $2.53 billion in 2016.
In December 2017, the main exported products were “machinery and electrical equipment” with a total value of $42.5 million down from $45.2 million in December 2016. The main export market for “machinery and electrical equipment” was Libya, which accounted for $6 million of the total exports.
Exports of “prepared foodstuffs and tobacco” came in second position with a total value of $41.6 million in December 2017, down from $41.56 million in December 2016. The largest export market for this category remained Saudi Arabia with exports worth $5.6 million in December 2017.
As for the exports of “base metals and articles of base metal”, they amounted to $35.7 million in December 2017, up from $28.9 million in December 2016, an increase that helped boost the overall value of industrial exports. The biggest export market in this category was Turkey with an exports’ value of $12.1 million.
Other smaller categories of industrial exports were also responsible for the uptick in total industrial exports; the exports of plastics, rubber and articles thereof saw their value increase by $3.84 million from $11.02 million in December 2016 to $14.86 million in December 2017. Moreover, the value of exports of “Pearls, Precious or semi-precious stones, precious metals and articles thereof” rose by $2.08 million to $12.18 million in December 2017.
With regards to imports of industrial machinery and equipment, they reached $23.2 million in December 2017 up from $17.9 million during the same month in 2016.
Imports of machines for food industry ranked first with a value of $4.5 million in December 2017 mainly coming from Germany which accounted for $1.1 million of the total. Imports of machines used in packaging amounted to $3.4 million and mainly came from Italy which exported $2.5 million worth of packaging machines to Lebanon in December 2017.
Breakdown of Industrial Exports (in millions of USD)
|Goods||Dec-16||Dec-17||Variation 2016/2017||Variation in % 2016/2017|
|Fats and edible fats and oils||4.5||4.32||-0.17||-3.90%|
|Prepared foodstuffs and tobacco||41.56||41.61||0.06||0.10%|
|Products of the chemical industries||33.71||30.14||-3.57||-10.60%|
|Plastics and rubber and articles thereof||11.02||14.86||3.84||34.80%|
|Raw hides and skins, leather, furskins and articles thereof||0.83||0.95||0.12||13.90%|
|Wood and articles of wood||1.5||0.76||-0.74||-49.10%|
|Paper and paperboard and articles thereof||13.38||10.88||-2.5||-18.70%|
|Textiles and textile articles||7.59||5.38||-2.21||-29.10%|
|Footwear, headgear, prepared feather||1.26||0.65||-0.61||-48.30%|
|Articles of stone, plaster, cement; glass and glassware||1.73||1.91||0.18||10.30%|
|Pearls, precious or semi-precious stones, precious metals and articles thereof (Excluding unworked diamonds, silver and gold Ingots)||10.11||12.18||2.08||20.50%|
|Base metals and articles of base metal||28.88||35.67||6.78||23.50%|
|Machinery and electrical equipment||45.23||42.5||-2.73||-6.00%|
|Optical, measuring, medical, and musical instruments; clocks and watches||1.02||1.36||0.34||33.70%|
|Arms and ammunition||0.01||0||-0.01||-100.00%|
|Miscellaneous manufactured articles||6.96||8.19||1.23||17.60%|
Source: Ministry of Industry