Lebanon (LBN) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Lebanon-Iceland Trade: In 2022, Lebanon exported $164k to Iceland. The main products that Lebanon exported to Iceland were Grapes ($30.9k), Imitation Jewellery ($22.4k), and Wine ($21.5k). Over the past 5 years the exports of Lebanon to Iceland have increased at an annualized rate of 12.3%, from $91.9k in 2017 to $164k in 2022.

In 2022, Lebanon did not export any services to Iceland.

Iceland-Lebanon Trade: In 2022, Iceland exported $52k to Lebanon. The main products that Iceland exported to Lebanon were Other Printed Material ($30.1k), Orthopedic Appliances ($13.4k), and Scales ($6.57k). Over the past 5 years the exports of Iceland to Lebanon have decreased at an annualized rate of 13.2%, from $106k in 2017 to $52k in 2022.

In 2022, Iceland did not export any services to Lebanon.

Comparison In 2022, Lebanon ranked 48 in the Economic Complexity Index (ECI 0.38), and 129 in total exports ($4.41B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Lebanon exported $164k to Iceland. The main products exported from Lebanon to Iceland were Grapes ($30.9k), Imitation Jewellery ($22.4k), and Wine ($21.5k). During the last 5 years the exports of Lebanon to Iceland have increased at an annualized rate of 12.3%, from $91.9k in 2017 to $164k in 2022.

In 2017, Iceland exported $52k to Lebanon. The main products exported from Iceland to Lebanon were Other Printed Material ($30.1k), Orthopedic Appliances ($13.4k), and Scales ($6.57k). During the last 5 years the exports of Iceland to Lebanon have decreased at an annualized rate of 13.2%, from $106k in 2022 to $52k in 2017.

Exports from Lebanon () to Iceland () (2022)

Exports from Iceland () to Lebanon () (2022)

Latest Data

Trade between Lebanon () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lebanon
Top DestinationUnited Arab Emirates$956M

Iceland
Top DestinationNetherlands$1.97B

This map shows whether countries import more from Lebanon or Iceland. Each country is colored based on the difference in imports they receive from Lebanon and Iceland or the difference in the growth in imports.

In 2022, countries that imported more from Lebanon than Iceland included United Arab Emirates ($956M), Syria ($370M), and Egypt ($234M).

In 2022, countries that imported more from Iceland than Lebanon included Netherlands ($1.97B), United Kingdom ($672M), and Germany ($573M).

Difference in imports from Iceland () and Lebanon () (2022)

Comparative Advantage Lebanon - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Lebanon and Iceland by product, considering products traded by both, Lebanon and Iceland.

During 2022, Lebanon had a large net trade with Iceland in the exports of Vegetable Products ($43.6k), Foodstuffs ($37.8k), and Precious Metals ($22.5k).

During 2017, Iceland had a large net trade with Lebanon in the exports of Paper Goods ($30.1k), Instruments ($13.4k), and Machines ($8.33k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Lebanon and Iceland. This means that a dot/product with the flag of Lebanon indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Lebanon.

About

Historical Data

Bilateral Trade by Products

Exports from Lebanon () to Iceland () (2022)

Exports from Iceland () to Lebanon () (2022)

Latest Data

Trade between Lebanon () and Iceland ()

Iceland Exports

Market Competitiveness

Difference in imports from Iceland () and Lebanon () (2022)

Comparative Advantage Lebanon - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Lebanon () and Iceland () (2022)

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