Lebanon’s trade deficit falls by $2.75 percent
Lebanon recorded a $3.04 billion trade deficit for the first seven months of 2003, down $86 million, or 2.75 percent from the same period last year, reported Saradar Investment House .
Imports totaled approximately $3.85 billion from January to July, a 4.1 percent increase compared to the same period last year. Exports totaled $810 million, up 29.4 percent during the same period.
Italy was Lebanon’s largest import supplier, followed by France, Germany, China and the United States. The country’s main export destination was Switzerland, followed by the United Arab Emirates (UAE) and Saudi Arabia. — (menareport.com)
© 2003 Mena Report (www.menareport.com)