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Lebanon's agro-industrial exports increased by 36 percent in volume and 15.5 percent in value in 2013 compared to the previous year, according to data reported in BLOM Invest's weekly economic newsletter.Agro-industrial products, which represented 11.4 percent of total exports in 2013, reached $473.80 million and contributed 1 percent to GDP, compared with 0.5 percent of GDP for raw agricultural exports, which constituted 5.5 percent of total exports. In line with the increase in agro-industrial exports, imports also rose year-on-year by 9.8 percent in volume to reach 866,795 tons.The average price per ton for Lebanese exports dropped year on year by 13.4 percent in 2013 while that of imports fell by 8.5 percent, with prices in the agro-food industry mainly following international trends and partly influenced by the domestic and regional developments, BLOM Invest reported.
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