Complex Made Simple

Lebanon trade deficit jumps 22.5%

According to figures by the Lebanese Customs Department, the country's trade deficit in the first half of 2012 climbed 22.5% to $8.71bn from $7.11bn in the same period of 2011 and $6.47bn in 2010, The Daily Star has reported. Lebanon's imports up to June of this year rose 18% to reach $10.88bn, compared with $9.23bn in the same period of 2011, while exports increased 3% to $2.17bn, compared with $2.12bn in the same period of last year, the data showed.