Overview: In 2019 Lebanon was the number 86 economy in the world in terms of GDP (current US$), the number 124 in total exports, the number 84 in total imports, the number 87 economy in terms of GDP per capita (current US$) and the number 54 most complex economy according to the Economic Complexity Index (ECI).

Exports: The top exports of Lebanon are Gold ($1.08B), Jewellery ($455M), Other Firearms ($416M), Diamonds ($210M), and Scrap Copper ($92.9M), exporting mostly to Switzerland ($1.09B), United Arab Emirates ($619M), South Korea ($436M), Saudi Arabia ($282M), and Kuwait ($234M).

In 2019, Lebanon was the world's biggest exporter of Other Firearms ($416M)

Imports: The top imports of Lebanon are Refined Petroleum ($3.18B), Cars ($864M), Packaged Medicaments ($741M), Jewellery ($428M), and Gold ($376M), importing mostly from United Arab Emirates ($1.71B), China ($1.67B), Italy ($1.31B), Greece ($1.3B), and Turkey ($1.11B).

Location: Lebanon borders Israel by land and Cyprus by sea.

Historical Data

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Yearly Exports

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Value
Depth

Top Export (2019): Gold, $1.08B

Top Destination (2019): Switzerland, $1.09B

In 2019, Lebanon exported a total of $4.07B, making it the number 124 exporter in the world. During the last five reported years the exports of Lebanon have changed by -$153M from $4.23B in 2014 to $4.07B in 2019.

The most recent exports are led by Gold ($1.08B), Jewellery ($455M), Other Firearms ($416M), Diamonds ($210M), and Scrap Copper ($92.9M). The most common destination for the exports of Lebanon are Switzerland ($1.09B), United Arab Emirates ($619M), South Korea ($436M), Saudi Arabia ($282M), and Kuwait ($234M).

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Yearly Imports

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Value
Depth

Top Import (2019): Refined Petroleum, $3.18B

Top Origin (2019): United Arab Emirates, $1.71B

In 2019 Lebanon imported $16.1B, making it the number 84 trade destination in the world. During the last five reported years the imports of Lebanon changed by -$5.49B from $21.6B in 2014 to $16.1B in 2019.

The most recent imports of Lebanon are led by Refined Petroleum ($3.18B), Cars ($864M), Packaged Medicaments ($741M), Jewellery ($428M), and Gold ($376M). The most common import partners for Lebanon are United Arab Emirates ($1.71B), China ($1.67B), Italy ($1.31B), Greece ($1.3B), and Turkey ($1.11B).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Lebanon Exports Services (2017): $15.4B

Lebanon Imports Services (2017): $14.1B

In 2017, Lebanon exported $15.4B worth of services. The top services exported by Lebanon in 2017 were Personal travel ($7.45B), Financial services ($2.09B), Merchanting and other trade-related services ($1.27B), Miscellaneous business, professional, and technical services ($1.04B), and Air transport ($528M).

The top services imported by Lebanon in 2017 were Personal travel ($5.21B), Financial services ($2.32B), Merchanting and other trade-related services ($1.57B), Sea transport ($1.23B), and Miscellaneous business, professional, and technical services ($577M).

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Lebanon are Cement clinkers (75%) and Portland cement, other than white cement (75%).

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 treatement
217: Preferential tariff for European Free Trade Association (EFTA) countries
218: Preferential tariff for European Union countries
238: Preferential tariff for Iceland
281: Preferential tariff for Norway
307: Preferential tariff for Switzerland and Liechtenstein
313: Preferential tariff for the League of Arab States

Economic Complexity

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Most Specialized Products by RCA Index

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Lebanon has a high level of specialization in Other Firearms (1.11k), Sugar Preserved Foods (58.4), Phosphatic Fertilizers (50.2), Phosphoric Acid (45.7), and Pickled Foods (36). Specialization is measured using RCA, an index that takes the ratio between Lebanon observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Lebanon according to the product complexity index (PCI) are Machinery for making pulp, paper, paperboard (1.69), Machinery, apparatus, equipment for print preparation (1.14), Photographic paper, board, etc sensitised, unexposed (0.96), Copper pipe and tube fittings (0.95), and Machinery for dish washing, bottle washing, filling (0.93). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Lebanon according to the relatedness index, are Cement (0.22), Raw Sugar (0.21), Raw Iron Bars (0.21), Hard Liquor (0.21), and Cassava (0.21). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Lebanon is not specialized in.

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 it is currently specialized in.

Relatedness Space

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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.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.

Economic Complexity Ranking

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Scale

During the last 17 years Lebanon's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨40th to the 54th⁩ 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.

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