The value of Lebanon’s industrial exports in 2014 dropped by 6.9 per cent to $3.15 billion from $3.384 billion in 2013, figures by the Industry Ministry reveal.
The average value of Lebanon’s monthly industrial exports during 2014 also saw a drop to stand at $262.5 million compared with $282 million in 2013, according to the data published by Lebanon’s National News Agency.
The country’s industrial exports in December of 2014 rose to $260.1 million from $242.1 million recorded in the same month of 2013.
Detailing December’s data, the report says Lebanon’s exports of electric appliances and equipment accounted for $57 million of the total value of the month’s exports.
Foodstuffs accounted for $50.1 million of the total value of Lebanon’s exports in December.
Saudi Arabia was Lebanon’s top trading partner in December as the Arab Gulf nation was the top importer of Lebanon’s exports of electrical appliances and foodstuffs.
Turkey was the biggest importer of Lebanon’s petrochemical products with imports reaching $9.3 million, the figures indicate.
Meanwhile, the total value of Lebanon’s imports of industrial machinery and equipment during 2014 totalled about $269.1 million compared with $300.4 million in 2013.