Saudi Arabia's ban of fruit imports from Lebanon results in losses of 126 million riyals

Published 2021년 4월 25일

Tridge summary

A report by Okaz reveals the financial impact of Saudi Arabia's ban on importing fruits and vegetables from Lebanon, a move that has led to losses of over 126 million riyals for Lebanon, making it the country's second-most exported product to Saudi Arabia after precious metals and stones. In 2019, Lebanon's fruit exports to Saudi Arabia saw a significant increase of 93.85% from the previous year, with lettuce being the top export. The ban affects various imports including grapes, oranges, apples, potatoes, mandarins, pears, lemons, apricots, onions, grapefruit, plums, tomatoes, and other produce, adding up to 2.24 thousand tons in 2019.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A monitoring conducted by "Okaz" based on government reports revealed that the decision to ban Saudi Arabia from importing fruits and vegetables from Lebanon has direct and indirect repercussions, as the decision will contribute to Lebanon's incurring losses of more than 126 million riyals, as it is the second highest exported product to Saudi Arabia after precious metals and precious stones. . According to the latest statistics, Lebanon's exports to Saudi Arabia in the field of fruits recorded a sharp increase in 2019 compared to previous years, as the value of exports in 2018 amounted to about 65 million riyals, and in 2019 it jumped by 93.85% to become 126 million riyals. "Lettuce" is the highest of vegetables and fruits that Lebanon used to export to Saudi Arabia, as it reached about 7.99 thousand tons with a value of 37.49 million riyals, then grapes 15.16 tons with a value of 30.85 million riyals, then oranges 15.84 thousand tons with a value of 24.1 million riyals, then ...
Source: Okaz

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