Lebanon2019 Economic Complexity: 0.29, Rank 57 of 157
2019 Product Exports | Imports: $4.07B | $16.1B, 124 of 225 | 84 of 225
2019 Per Capita Product Exports | Imports: $594 | $2.35k, 146 of 219 | 110 of 219
2017 Service Exports | Imports : $15.4B | $14.1B, 42 of 139 | 46 of 139
Overview: In 2019 Lebanon was the number 86 economy in the world in terms of GDP (current US$), 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 57 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).
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).
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).
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).
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:
During the last 20 years Lebanon's economy has become relatively less complex, moving from the 44th to the 57th 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.
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.
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.
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.
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.
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