About

Overview In 2021, Lebanon was the number 111 economy in the world in terms of GDP (current US$), the number 123 in total exports, the number 88 in total imports, the number 131 economy in terms of GDP per capita (current US$) and the number 47 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Lebanon are Gold ($449M), Diamonds ($425M), Scrap Iron ($376M), Other Furniture ($310M), and Grapes ($212M), exporting mostly to United Arab Emirates ($1.01B), Switzerland ($450M), Cameroon ($283M), Egypt ($281M), and Greece ($242M).

Imports The top imports of Lebanon are Refined Petroleum ($4.78B), Gold ($641M), Cars ($639M), Packaged Medicaments ($497M), and Diamonds ($429M), importing mostly from Greece ($2.77B), Turkey ($1.71B), China ($1.53B), United Arab Emirates ($941M), and United States ($819M).

Location Lebanon borders Israel by land and Cyprus by sea.

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Lebanon.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Gold$449M
Top Destination (2021)United Arab Emirates$1.01B

In 2021, Lebanon exported a total of $4.79B, making it the number 123 exporter in the world. During the last five reported years the exports of Lebanon have changed by $1.15B from $3.64B in 2016 to $4.79B in 2021.

The most recent exports are led by Gold ($449M), Diamonds ($425M), Scrap Iron ($376M), Other Furniture ($310M), and Grapes ($212M). The most common destination for the exports of Lebanon are United Arab Emirates ($1.01B), Switzerland ($450M), Cameroon ($283M), Egypt ($281M), and Greece ($242M).

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Exports (2021)
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Destinations (2021)
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Market Growth

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Fastest Growing Export Markets (2020 - 2021)
United Arab Emirates$431M (+ 74.9%)
Cameroon$274M (+ 3.17k%)
Egypt$126M (+ 81.4%)
Fastest Growing Import Markets (2020 - 2021)
Greece$1.97B (+ 246%)
Turkey$763M (+ 80.9%)
China$597M (+ 63.6%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Lebanon Exports Services (2020)$4.9B
Lebanon Imports Services (2020)$4.84B

In 2020, Lebanon exported $4.9B worth of services. The top services exported by Lebanon in 2020 were Personal travel ($2.32B), Miscellaneous business, professional, and technical services ($978M), Merchanting and other trade-related services ($575M), Reinsurance ($215M), and Telecommunications services ($134M).

The top services imported by Lebanon in 2020 were Personal travel ($1.61B), Miscellaneous business, professional, and technical services ($804M), Sea transport ($631M), Financial services ($373M), and Reinsurance ($328M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Overview

Economic Complexity (Trade)0.35Rank 47 of 131
Economic Complexity (Technology)-0.88Rank 72 of 96
Economic Complexity (Research)0.073Rank 56 of 140

Most Specialized Products by RCA Index

Lebanon has a high level of specialization in Phosphatic Fertilizers (124), Grapes (83.6), Sheep and Goats (68.8), Iron Ingots (42.9), and Phosphoric Acid (41.7). Specialization is measured using RCA, an index that takes the ratio between Lebanon observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Lebanon according to the relatedness index, were Melons (0.26), Cement (0.26), Raw Sugar (0.25), Non-fillet Fresh Fish (0.24), and Insect Resins (0.24). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Lebanon is not specialized in.

Product Space

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.

Relatedness Space

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 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.

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Lebanon's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨nullth to the 47th⁩ 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.

Explore Rankings

ECI (Trade) Ranking by Country

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