Overview In 2020 Lebanon was the number 98 economy in the world in terms of GDP (current US$), the number 119 in total exports, the number 85 in total imports,
the number 105 economy in terms of GDP per capita (current US$) and the number 48 most complex economy according to the Economic Complexity Index (ECI).
In 2020, Lebanon exported a total of $4.24B, making it the number 119 exporter in the world. During the last five reported years the exports of Lebanon have changed by $528M from $3.71B in 2015 to $4.24B in 2020.
In 2020 Lebanon imported $12.9B, making it the number 85 trade destination in the world. During the last five reported years the imports of Lebanon changed by -$6.9B from $19.8B in 2015 to $12.9B in 2020.
In 2019, Lebanon exported $13.5B worth of services. The top services exported by Lebanon in 2019 were Personal travel ($8.13B), Other business services ($1.64B), Financial services ($746M), Transportation ($735M), and Personal, cultural, and recreational services ($700M).
The top services imported by Lebanon in 2019 were Personal travel ($6.36B), Transportation ($1.86B), Other business services ($1.5B), Financial services ($1.35B), and Personal, cultural, and recreational services ($840M).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Lebanon are:136: Most Favoured Nation duty rate treatement217: Preferential tariff for European Free Trade Association (EFTA) countries218: Preferential tariff for European Union countries238: Preferential tariff for Iceland281: Preferential tariff for Norway307: Preferential tariff for Switzerland and Liechtenstein
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
This network shows the products most related to the production structure of Lebanon. These are products that tend to be co-exported with the products that Lebanon exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities.
Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
During the last 16 years Lebanon's economy has become relatively less complex, moving from the 41st to the 48th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.