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Lebanon’s 7-Month Trade Deficit Widens 4% on Higher Imports

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

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

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

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

Bloomberg

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9 responses to “Lebanon’s 7-Month Trade Deficit Widens 4% on Higher Imports”

  1. 5thDrawer Avatar
    5thDrawer

    The increased pharmaceutical costs only drive the people who need them into more health risks, and painful death in many cases, as there is no government ‘plan’ to aid the mass of unemployed or under-employed people – and there are more than enough people who cannot afford them now.

    1. libnan1 Avatar
      libnan1

      Lipitor and Flomax went generic, that should eliminate some of costs…:)

      1. 5thDrawer Avatar
        5thDrawer

        Yah .. hehe .. so the ‘doc’ took me off the lipitor and switched to something ‘new and better’. Great timing.

  2. 5thDrawer Avatar
    5thDrawer

    The increased pharmaceutical costs only drive the people who need them into more health risks, and painful death in many cases, as there is no government ‘plan’ to aid the mass of unemployed or under-employed people – and there are more than enough people who cannot afford them now.

    1. libnan1 Avatar
      libnan1

      Lipitor and Flomax went generic, that should eliminate some of costs…:)

  3. Avatar
    Anonymous

    The increased pharmaceutical costs only drive the people who need them into more health risks, and painful death in many cases, as there is no government ‘plan’ to aid the mass of unemployed or under-employed people – and there are more than enough people who cannot afford them now.

    1. Avatar
      Anonymous

      Lipitor and Flomax went generic, that should eliminate some of costs…:)

      1. Avatar
        Anonymous

        Yah .. hehe .. so the ‘doc’ took me off the lipitor and switched to something ‘new and better’. Great timing.

      2. Avatar
        Anonymous

        Yah .. hehe .. so the ‘doc’ took me off the lipitor and switched to something ‘new and better’. Great timing.

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