2023
Flag
 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

Lebanon-South Korea Trade: In 2023, Lebanon exported $68.4M to South Korea. The main products that Lebanon exported to South Korea were Scrap Aluminium ($33M), Scrap Copper ($20.5M), and Aluminium Powder ($8.28M). Over the past 5 years the exports of Lebanon to South Korea have increased at an annualized rate of 12.3%, from $38.3M in 2018 to $68.4M in 2023.

In 2023, Lebanon did not export any services to South Korea.

South Korea-Lebanon Trade: In 2023, South Korea exported $120M to Lebanon. The main products that South Korea exported to Lebanon were Cars ($44.4M), Electric Batteries ($15.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($6.9M). Over the past 5 years the exports of South Korea to Lebanon have decreased at an annualized rate of 8.36%,  from $185M in 2018 to $120M in 2023.

In 2023, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Lebanon exported $68.4M to South Korea. The main products exported from Lebanon to South Korea were Scrap Aluminium ($33M), Scrap Copper ($20.5M), and Aluminium Powder ($8.28M). During the last 5 years the exports of Lebanon to South Korea have increased at an annualized rate of 12.3%, from $38.3M in 2018 to $68.4M in 2023.

In 2018, South Korea exported $120M to Lebanon. The main products exported from South Korea to Lebanon were Cars ($44.4M), Electric Batteries ($15.6M), and Motor vehicles; parts and accessories (8701 to 8705) ($6.9M). During the last 5 years the exports of South Korea to Lebanon have decreased at an annualized rate of 8.36%, from $185M in 2023 to $120M in 2018.

Exports from Lebanon (Flag) to South Korea (Flag) (2023)

Exports from South Korea (Flag) to Lebanon (Flag) (2023)

Latest Data

Trade between Lebanon (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Lebanon
Top Destination
United Arab Emirates$1.3B
South Korea
Top Destination
China$162B

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

In 2023, countries that imported more from Lebanon than South Korea included Iraq ($236M), Syria ($126M), and Republic of the Congo ($66.8M).

In 2023, countries that imported more from South Korea than Lebanon included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea (Flag) and Lebanon (Flag) (2023)

Comparative Advantage Lebanon - South Korea

Flow
Scale

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

During 2023, Lebanon had a large net trade with South Korea in the exports of Metals ($68M), Textiles ($138k), and Transportation ($111k).

During 2018, South Korea had a large net trade with Lebanon in the exports of Transportation ($53.6M), Machines ($29M), and Plastics and Rubbers ($12.9M).

Economic Complexity

Competitive Landscape

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

Product Space of Lebanon (Flag) and South Korea (Flag) (2023)

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