I'm going to go ahead and say it's true :)
The Phoenicians traded timber for papyrus and linen from Egypt, copper ingots from Cyprus, Nubian gold and slaves, jars with grain and wine, silver, monkeys, precious stones, hides, ivory and elephants tusks from Africa. Cedar was perhaps the most valuable source of income for the Phoenicians.
Several ways for sure,
Hope this helps you! Have a great day. :)