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In numbers: How much is Lebanon set to lose from Saudi ban?

30-10-2021 | 04:30

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In numbers: How much is Lebanon set to lose from Saudi ban?

Official data indicated that the annual value of Lebanon's exports to Saudi Arabia exceeds $250 million, including $20 million from the vegetable and fruit export sector.

Earlier this year, the Lebanese ambassador to Saudi Arabia Fawzi Kabbara said that the volume of trade exchange between the two countries amounted to $600 million annually over the past six years, noting that Saudi Arabia is the second destination for export from his country after the UAE, at a rate of $250 million annually.

The former Minister of Agriculture Abbas Mortada had warned that any Saudi ban on Lebanese imports would represent "a great loss and a very dangerous matter, especially if it reflects negatively on the rest of the Gulf countries, which may take similar strict measures."

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