Containers at the Port in Beirut, Wednesday, Sept. 30, 2015. (The Daily Star/Hasan Shaaban)
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The sharp drop in the price of oil and the appreciation of the U.S. dollar against other foreign currencies caused the value of Lebanon's imports to drop by more than 11 percent in 2015, a leading economist said Monday.According to figures released by Lebanese Customs, import values fell 11.8 percent coupled with a 10.9 percent decline in export values for full-year 2015 .This has led to a 12 percent decrease in the value of foreign trade in 2015 . It added that a breakdown of imports by country of origin in 2015 shows that imports from China, the biggest import source for Lebanon in 2015 with 11.5 percent of total imports, witnessed a drop of 16.5 percent year-on-year.
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