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2023
Flag → Flag
Exports $214kRnk 130 / 179
2023
Flag → Flag
Top Product $60.3kWine
2023
Flag → Flag
Exports $146kRnk 110 / 157
2023
Flag → Flag
Top Product $93.2kPaintings
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 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $214k in 2023.

In 2018, 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 2023 to $146k in 2018.

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

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

Latest Data

Trade between Lebanon (Flag) and Iceland (Flag)

Iceland Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Lebanon - Iceland

Flow
Scale

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

During 2023, Lebanon had a large net trade with Iceland in the exports of Foodstuffs ($80k), Vegetable Products ($61.7k), and Transportation ($28.4k).

During 2018, 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).

Economic Complexity

Competitive Landscape

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

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

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