Lebanon's seven-month trade deficit widens 4% on higher imports
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Wed September 7, 2011 10:00 am

LEBANON. Lebanon’s trade deficit widened by 4% in the first seven months from a year earlier on higher imports, the Finance Ministry said.

The shortfall was US$8.37 billion from US$8 billion, the Beirut-based ministry told Bloomberg in an e-mailed statement late yesterday.

Imports rose 5% to US$10.9 billion, driven by a 52% gain in the cost of unwrought gold, un-mounted diamond and precious metals, while pharmaceutical products increased by 19%, according to the ministry.

Exports increased 5% in the first seven months from the year-earlier period to US$2.5 billion as shipments to Arab countries fell.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 25, 2016
INTERNATIONAL. A "three step" Brexit solution, including an ambitious transitional arrangement, is key to meeting UK aspirations and reaching a mutually beneficial LT relationship with the EU.
date:Posted: July 25, 2016
INTERNATIONAL. European banks must initiate an overhaul in order to fend off new and varied challengers as the spectre of Brexit looms over the sector, according to a new report by PwC.
date:Posted: July 25, 2016
UAE. After 18 months of relatively stable conditions with the lack of demand growth being matched by minimal growth in supply, the market is now starting to show initial signs of declining performance, according to JLL
UAE. After 18 months of relatively stable conditions with the lack of demand growth being matched by minimal growth in supply, the market is now starting to show initial signs of declining performance, according to JLL
dhgate