No Result
View All Result
Friday, June 2, 2023
22 °c
Tripoli
23 ° Sat
25 ° Sun
23 ° Mon
24 ° Tue
  • 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
14
SHARES
62
VIEWS
Share on FacebookShare on Twitter

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

Libya’s wheat imports increased from July 2022 to January 2023 – 86 percent imported from Russia

Economy Ministry meets meat and livestock suppliers to regulate Ramadan meat prices

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.

 

CBL latest financial statement shows increased oil revenues for first half of 2018

 Your browser does not support HTML5 video.
Tags: economyfeaturedimportsoilportsshipping
Share6Tweet4Share1

Related Posts

SPARK partners with Hive and Assaraya in Benghazi to implement training programme
Business

SPARK partners with Hive and Assaraya in Benghazi to implement training programme

June 2, 2023
REAoL opens Benghazi office – to open office in south soon
Business

REAoL opens Benghazi office – to open office in south soon

June 1, 2023
Shippex 2023 postponed to new date of 19 to 22 June
Business

Shippex 2023 postponed to new date of 19 to 22 June

June 1, 2023
Libyan eastern government to build 300k bpd Tobruk refinery with foreign investors on BOT basis
Business

Tunisian Companies Forum to be held in Benghazi on 4 June

June 1, 2023
The Libyan Moroccan Forum for Trade and Business: 11 to 14 September in Tangiers, Morocco
Business

The Libyan Moroccan Forum for Trade and Business: 11 to 14 September in Tangiers, Morocco

June 1, 2023
Sirte and BACB to improve cooperation
Business

Sirte Oil Company’s smart fields give it higher efficiency, more accurate real-time data for timely decisions

May 31, 2023
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

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • State recognised militia and Libyan Army clash in central Tripoli

    State recognised militia and Libyan Army clash in central Tripoli

    223 shares
    Share 89 Tweet 56
  • Tripoli Libyan government conducts drone strikes against criminal hideouts in western coast

    142 shares
    Share 57 Tweet 35
  • The Tripoli Libyan Ministry of Transport confirms development plan for Libya-Tunisia Ras Jedir border crossing

    66 shares
    Share 26 Tweet 17
  • Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

    50 shares
    Share 20 Tweet 13
  • NOC completes strategic project to increase local gas supply and clean pipelines

    45 shares
    Share 18 Tweet 11
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

SPARK partners with Hive and Assaraya in Benghazi to implement training programme

REAoL opens Benghazi office – to open office in south soon

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.

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

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow 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
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?