Trucks leave a ship at the port in Beirut, Wednesday, May 27, 2015. (The Daily Star/Mohammad Azakir)
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The high cost of transportation, fierce competition and the economic slowdown in some Arab countries have led to a further drop in Lebanese industrial exports, Industry Minister Hussein Hajj Hasan said Friday.The Industry Ministry said Friday that industrial exports in the first eight months of 2016 fell to $1.713 billion, a 14.7 percent drop from the same period of 2015 and a 19.2 percent drop from the 2014 period. The Industry Ministry report also said that average monthly industrial exports during the first eight months of the year stood at $214.1 million per month compared to $250.9 million in 2015 and $264.9 million in 2014 .Total Lebanese exports, including industrial items, average about $3 billion a year.
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