No Result
View All Result
Monday, August 4, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Goods imported through Libyan ports down reflecting general economic malaise

bySami Zaptia
August 13, 2018
Reading Time: 2 mins read
A A

By Sami Zaptia.

Goods imported into Libyan ports fell by 15 percent for Q2 of 2018 (Photo: George Grant Libya Herald)
Tripoli port. Goods imported into Libyan ports fell by 15 percent for Q2 of 2018 (Photo: George Grant Libya Herald)

London, 13 August 2018:

Libya’s goods imported through its ports dropped by 14 percent compared to last year Tripoli, the Director of the Information Department of the Libyan Ports Company, Mohamed Gwaider, was reported as saying by Libya’s official state news agency LANA.

The report said that the total volume of cargo arriving at Libyan ports was 1.869 million tons during the first half of this year, while it was 2.14 million tons in the same period last year.

The figures reflect the general malaise that the Libyan economy has been suffering, echoing the general trend of contraction of the economy since 2011 due to the fall in oil revenues caused by a fall in oil production and a fall in hard currency.

RELATED POSTS

Op-Ed: Libya’s Missing Link – Why Data is the Key to Reform While Preventing a Public Backlash

Zawia Oil Refining Company prepares to establish 100-million litre industrial oils plant in Benghazi‎

According to UNCTAD statistics, imports were as high as 8.32 million tones in 2012 falling to 5.2 million tons in 2016. Libya’s Liner Shipping Connectivity Index was 14.6 (out of 100) compared to 48.2 for Malta and 6.6 for Tunis in 2016.

The latest financial figures released by the Tripoli-based Central Bank of Libya (CBL) for the period 1/1/2018 to 30/6/2018 released in July, in fact reveal that Libyan oil revenues were up by LD 2.10 bn from a projected LD 13.50 bn to LD 15.60 bn.

The breakdown of the figures showed that tax revenues, customs and general (non-oil) state revenues were all down. Total state revenues, however, were up for the period by LD 420 m – from a projected LD 16.28 bn to LD 16.70 bn, thanks to a relative increase in oil revenues for the period.

However, giving credence to the decrease in imports figures, total state spending was down by LD 4.37 bn – from a projected LD 21.25 bn to LD 16.88 bn for the period. Development and projects spending were also down from a projected LD 2.35 bn to just LD 652 m.

 

https://www.libyaherald.com/2018/07/15/cbl-latest-financial-statement-shows-increased-oil-revenues-for-first-half-of-2018/

Tags: economyfeaturedimportsoilportsshipping

Related Posts

GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Business

Aldabaiba hails new instant salary payment system for controlling waste in the state-sector section of the budget

August 4, 2025
CBL receives results from meetings with international banks
Business

CBL to bring FX rate of dinar to less than LD 7 per US$: CBL Governor Issa

August 4, 2025
LAIP delegation visits Maputo, Mozambique to recover seized rice project
Business

LAIP to focus on several internal investment projects – to improve quality of life and local development

August 1, 2025
Tripoli Libyan government’s official tendering and procurement website ‘‘Attaat’’ is operational
Business

Tripoli Libyan government’s official tendering and procurement website ‘‘Attaat’’ is operational

August 1, 2025
CBL receives results from meetings with international banks
Business

CBL introduces the state sector Instant Salary Payment System

August 1, 2025
Libya and Shell discuss several areas of cooperation
Business

Minister of Oil and Gas discusses with Japanese Ambassador strengthening cooperation and attracting Japanese companies to Libya’s energy sector

July 31, 2025
Next Post

HoR fails to vote on referendum bill, discusses legal committee advice on quorum. To reconvene tomorrow

Libya to recruit 150 Filipino first phase nurses for Tripoli University Hospital

Libya to recruit 150 Filipino first phase nurses for Tripoli University Hospital

ADVERTISEMENT

Top Stories

  • Tripoli Defence Minister Namroush takes steps to secure Tripoli after Bashagha alleged assassination attempt

    Tripoli Defence Ministry warns of unspecified precision air strikes against human smugglers and drug traffickers

    0 shares
    Share 0 Tweet 0
  • Khoms port discusses development with Turkish company Orbitel

    0 shares
    Share 0 Tweet 0
  • CBL grants licenses to 52 new FX bureaux – bringing total to 187

    0 shares
    Share 0 Tweet 0
  • Tripoli Health Ministry discusses with India enhancing health cooperation through training and activating existing agreements

    0 shares
    Share 0 Tweet 0
  • Minister of Oil and Gas discusses with Japanese Ambassador strengthening cooperation and attracting Japanese companies to Libya’s energy sector

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Aldabaiba hails new instant salary payment system for controlling waste in the state-sector section of the budget

CBL to bring FX rate of dinar to less than LD 7 per US$: CBL Governor Issa

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.