File - Beirut port is seen on Wednesday, May 14, 2014. (The Daily Star/Mahmoud Kheir)
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Lebanon's total exports to Iraq will see a sharp decline over the next few months due to the deteriorating security situation in the country that represents the fifth-largest recipient of Lebanese products, industry experts told The Daily Star.Today, land shipping has nearly stopped with Lebanese exporters resorting to maritime shipping.Lebanon's general exports to Iraq stood at $41 million and $54 million respectively in June and July 2013 .Iraq's share of total Lebanese exports stood at 7 percent in 2013, ranking fifth after Syria with a share of 13 percent, South Africa with 10 percent followed by Saudi Arabia and the United Arab Emirates with 9 and 8 percent respectively.The challenging circumstances, didn't however, prevent some industrialists from striking a positive note regarding a promising future for Lebanese exports to Iraq.
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