Industrial exports fall to $1.5 billion in first half

Industrial exports fell by five percent year-on-year in the first half of 2012 to $1.54 billion. Imports of industrial equipment and machinery also fell by around 13 percent.

Machinery and mechanical appliances captured 17 percent of overall industrial exports, followed by food products that accounted for 15 percent, and base metals which captured12.6 percent.

Arab countries captured 60 percent of exports, of which 13 percent by Saudi Arabia and 12.8 percent by the UAE.