Lebanon’s Trade Activity in H1 2019

Lebanon trade balance deteriorated in the first half of 2019 due mainly to the large increase in oil imports. Lebanon’s trade deficit widened in the first 6 months of the year to reach $8.41B, up by 4.58% compared to the same period in 2018. Regardless of the promising progress in exports, which grew by a yearly 12.38% to $1.73B, the wider deficit came as a result of a 5.83% yearly increase in the value of imports to $10.14B noting that “ Mineral products “ and “Vegetable products” are the only 2 categories to witness an increase in its imported value. Worth mentioning, that the trade deficit has increased in absolute terms, yet the exports to imports ratio stood at 17.06% in H1 2019, compared to 16.07% in the previous year, mainly as a result of exports increasing at a faster pace than imports.

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Lebanon Trade Activity in H1 2019

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