HS Icon Refined Petroleum in  Flag Lebanon

2020
Exports | Imports
: $1.64M | $2.81B, World Rnk 144 / 212
Flag Rnk 210 / 1021 | World Rnk 40 / 224
Flag Rnk 1 / 1145

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $94.8k | $52.9M, Kuwait |  Russia

2020
ECONOMIC COMPLEXITY of Lebanon
: 0.28, Rnk 48 / 127

2020
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.94, Rnk 822 / 1029

Exports In 2020, Lebanon exported $1.64M in Refined Petroleum, making it the 144th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 210th most exported product in Lebanon. The main destination of Refined Petroleum exports from Lebanon are: Syria ($856k), Iraq ($162k), Kuwait ($94.8k), Senegal ($93.7k), and Angola ($78.6k).

The fastest growing export markets for Refined Petroleum of Lebanon between 2019 and 2020 were Kuwait ($94.8k), Senegal ($92.3k), and Sierra Leone ($47.9k).

Imports In 2020, Lebanon imported $2.81B in Refined Petroleum, becoming the 40th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Lebanon. Lebanon imports Refined Petroleum primarily from: Greece ($732M), Russia ($423M), Turkey ($359M), Italy ($229M), and United States ($189M).

The fastest growing import markets in Refined Petroleum for Lebanon between 2019 and 2020 were Russia ($52.9M), Cyprus ($40.2M), and Sweden ($35.1M).

Tariffs In 2018, the average tariff for Lebanon in Refined Petroleum was 3%. The countries with the highest import tariffs for Refined Petroleum were Angola (Most Favoured Nation duty rate treatement, 3.5%), Burundi (Most Favoured Nation duty rate treatement, 3.5%), Benin (Most Favoured Nation duty rate treatement, 3.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 3.5%), and Botswana (Most Favoured Nation duty rate treatement, 3.5%).

Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $1.64M

IMPORTS (2020): $2.81B

NET TRADE (2020): -$2.81B

In 2020, Lebanon exported $1.64M in Refined Petroleum. The main destinations of Lebanon exports on Refined Petroleum were Syria ($856k), Iraq ($162k), Kuwait ($94.8k), Senegal ($93.7k), and Angola ($78.6k).

In 2020, Lebanon imported $2.81B in Refined Petroleum, mainly from Greece ($732M), Russia ($423M), Turkey ($359M), Italy ($229M), and United States ($189M).

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THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Lebanon WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Lebanon WERE (2019 - 2020):

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Market Concentration

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In 2020, Lebanon's main exporting competitors in Refined Petroleum were:

In 2020, Lebanon's main importing competitors in Refined Petroleum were:

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