Bloomberg News

Lebanon’s Nine-Month Trade Deficit Widens 10% on Higher Imports

November 01, 2011

Nov. 1 (Bloomberg) -- Lebanon’s trade deficit widened by 10 percent in the first nine months from a year earlier on higher imports, the Finance Ministry said.

The shortfall was $11.2 billion, up from $10.2 billion, the Beirut-based ministry said in an e-mailed statement late yesterday. Imports rose 9 percent to $14.4 billion, driven by higher oil prices, it said.

--Editor: Ben Holland.

To contact the reporter on this story: Massoud A. Derhally in Abu Dhabi at mderhally@bloomberg.net.

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net.


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