Arab Today, arab today lebanon’s trade deficit widens by 19 percent
Last Updated : GMT 08:21:50
Arab Today, arab today
Arab Today, arab today

Lebanon’s trade deficit widens by 19 percent

Arab Today, arab today

Arab Today, arab today Lebanon’s trade deficit widens by 19 percent

Beirut - Arabstoday

Lebanon’s trade deficit widened 19 percent year-on-year to $11.57 billion during the first eight months of 2012, according to data released by the Customs Department. The value of imports jumped by 14 percent year-on-year to $14.4 billion while exports slid by 2.35 percent to $2.83 billion. The value of Lebanese imports continued to be boosted by the 71 percent annual spike in the value of mineral products to $4.22 billion. The volume of imported mineral products increased by 32 percent to 5.64 million tons in the first eight months of 2012, while international oil prices rose from $88.8 per barrel to $96.5 per barrel between August 2011 and August 2012. The value of imported food products climbed 5.45 percent to $2.19 billion, while their value expanded 7.25 percent to 1.87 million tons. From DailyStar

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