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2023
Flag → Flag
Exports $146kRnk 110 / 157
2023
Flag → Flag
Top Product $93.2kPaintings
2023
Flag → Flag
Exports $214kRnk 130 / 179
2023
Flag → Flag
Top Product $60.3kWine
2023
Flag
Economic Complexity (ECI) ECI 0.42Rnk 45 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Iceland-Lebanon Trade: In 2023, Iceland exported $146k to Lebanon. The main products that Iceland exported to Lebanon were Paintings ($93.2k), Non-fillet Fresh Fish ($17.2k), and Orthopedic Appliances ($16.2k). Over the past 5 years the exports of Iceland to Lebanon have increased at an annualized rate of 8.13%, from $99.1k in 2018 to $146k in 2023.

In 2023, Iceland did not export any services to Lebanon.

Lebanon-Iceland Trade: In 2023, Lebanon exported $214k to Iceland. The main products that Lebanon exported to Iceland were Wine ($60.3k), Motor vehicles; parts and accessories (8701 to 8705) ($28.4k), and Grapes ($25.8k). Over the past 5 years the exports of Lebanon to Iceland have increased at an annualized rate of 11.7%,  from $123k in 2018 to $214k in 2023.

In 2023, Lebanon did not export any services to Iceland.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Lebanon ranked 45 in the Economic Complexity Index (ECI 0.42), and 130 in total exports ($4.94B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $146k to Lebanon. The main products exported from Iceland to Lebanon were Paintings ($93.2k), Non-fillet Fresh Fish ($17.2k), and Orthopedic Appliances ($16.2k). During the last 5 years the exports of Iceland to Lebanon have increased at an annualized rate of 8.13%, from $99.1k in 2018 to $146k in 2023.

In 2018, Lebanon exported $214k to Iceland. The main products exported from Lebanon to Iceland were Wine ($60.3k), Motor vehicles; parts and accessories (8701 to 8705) ($28.4k), and Grapes ($25.8k). During the last 5 years the exports of Lebanon to Iceland have increased at an annualized rate of 11.7%, from $123k in 2023 to $214k in 2018.

Exports from Iceland (Flag) to Lebanon (Flag) (2023)

Exports from Lebanon (Flag) to Iceland (Flag) (2023)

Latest Data

Trade between Iceland (Flag) and Lebanon (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Lebanon
Top DestinationUnited Arab Emirates$1.3B

This map shows whether countries import more from Iceland or Lebanon. Each country is colored based on the difference in imports they receive from Iceland and Lebanon or the difference in the growth in imports.

In 2023, countries that imported more from Iceland than Lebanon included Netherlands ($1.97B), Germany ($771M), and United Kingdom ($607M).

In 2023, countries that imported more from Lebanon than Iceland included United Arab Emirates ($1.3B), Egypt ($340M), and Iraq ($236M).

Difference in imports from Lebanon (Flag) and Iceland (Flag) (2023)

Comparative Advantage Iceland - Lebanon

Flow
Scale

This chart compares trade between Iceland and Lebanon by product, considering products traded by both, Iceland and Lebanon.

During 2023, Iceland had a large net trade with Lebanon in the exports of Arts and Antiques ($93.2k), Animal Products ($19.3k), and Instruments ($16.4k).

During 2018, Lebanon had a large net trade with Iceland in the exports of Foodstuffs ($80k), Vegetable Products ($61.7k), and Transportation ($28.4k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Iceland and Lebanon. This means that a dot/product with the flag of Iceland indicates it has a comparative advantage over Lebanon. Similarly, a dot/product with the flag of Lebanon indicates it has a comparative advantage over Iceland.

Product Space of Iceland (Flag) and Lebanon (Flag) (2023)

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