Lebanon’s industrial exports increased to $81 million in April 2002, a 47 percent rise compared to $55 million worth of industrial merchandise exported during the same period last year. The state’s industrial exports for the first four months of 2002 reached $287 million, a 26 percent increase compares to figures from the same period in 2001, reported the Lebanese Ministry of Industry.
Some 26 percent of Lebanon’s industrial exports in the first four months of 2002 were jewelry, 13 percent electrical equipment, 11 percent chemicals, 10 percent food products and seven percent paper products with the remaining 33 percent of the merchandise falling into other categories.
Lebanon’s industrial sector contributes to 16 percent of the nation’s Gross Domestic Product (GDP). Export levels are expected to increase once the government finalizes an economic partnership agreement with the European Union (EU). — (menareport.com)
© 2002 Mena Report (www.menareport.com )