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).

Exports The top exports of Lebanon are Gold ($1.05B), Diamonds ($257M), Scrap Iron ($167M), Jewellery ($164M), and Cars ($109M), exporting mostly to Switzerland ($1.1B), United Arab Emirates ($574M), Saudi Arabia ($233M), United States ($182M), and Qatar ($161M).

Imports The top imports of Lebanon are Refined Petroleum ($2.81B), Packaged Medicaments ($681M), Gold ($587M), Planes, Helicopters, and/or Spacecraft ($521M), and Gas Turbines ($460M), importing mostly from Turkey ($945M), China ($919M), Germany ($897M), United States ($857M), and United Arab Emirates ($837M).

Location Lebanon borders Israel by land and Cyprus by sea.

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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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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

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

Historical Data

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Top Export (2020): Gold, $1.05B

Top Destination (2020): Switzerland, $945M

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.

The most recent exports are led by Gold ($1.05B), Diamonds ($257M), Scrap Iron ($167M), Jewellery ($164M), and Cars ($109M). The most common destination for the exports of Lebanon are Switzerland ($1.1B), United Arab Emirates ($574M), Saudi Arabia ($233M), United States ($182M), and Qatar ($161M).

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Fastest Growing Export Markets (2019 - 2020)

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).

Economic Complexity

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Most Specialized Products by RCA Index

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Lebanon has a high level of specialization in Sheep and Goats (86.1), Phosphatic Fertilizers (75.6), Phosphoric Acid (52.2), Pickled Foods (34.6), and Raw Lead (31.2). Specialization is measured using RCA, an index that takes the ratio between Lebanon observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Lebanon according to the relatedness index, are Other Oily Seeds (0.25), Raw Sugar (0.25), Non-fillet Fresh Fish (0.24), Rolled Tobacco (0.24), and Raw Iron Bars (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.

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

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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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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

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

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