2023
Flag
 GDP
$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH
61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
GDP PC
$5,839CURRENT US$
Rnk 116 / 196
2013-2023
Flag
GDP PC GROWTH
34.5%CURRENT US$
Rnk 70 / 195

About

Lebanon-Mongolia Trade: In 2023, Lebanon exported $16.5k to Mongolia. The main products that Lebanon exported to Mongolia were Malt Extract ($8.82k), Non-Knit Women's Suits ($6.34k), and Non-Knit Active Wear ($884). Over the past 5 years the exports of Lebanon to Mongolia have increased at an annualized rate of 66.1%, from $1.3k in 2018 to $16.5k in 2023.

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

Mongolia-Lebanon Trade: In 2023, Mongolia exported $33.3k to Lebanon. The main products that Mongolia exported to Lebanon were Knit Sweaters ($16.4k), Motor vehicles; parts and accessories (8701 to 8705) ($5.95k), and Non-Knit Men's Shirts ($5.33k). Over the past 5 years the exports of Mongolia to Lebanon have decreased at an annualized rate of 29.7%,  from $194k in 2018 to $33.3k in 2023.

In 2023, Mongolia 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, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Lebanon exported $16.5k to Mongolia. The main products exported from Lebanon to Mongolia were Malt Extract ($8.82k), Non-Knit Women's Suits ($6.34k), and Non-Knit Active Wear ($884). During the last 5 years the exports of Lebanon to Mongolia have increased at an annualized rate of 66.1%, from $1.3k in 2018 to $16.5k in 2023.

In 2018, Mongolia exported $33.3k to Lebanon. The main products exported from Mongolia to Lebanon were Knit Sweaters ($16.4k), Motor vehicles; parts and accessories (8701 to 8705) ($5.95k), and Non-Knit Men's Shirts ($5.33k). During the last 5 years the exports of Mongolia to Lebanon have decreased at an annualized rate of 29.7%, from $194k in 2023 to $33.3k in 2018.

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

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

Latest Data

Trade between Lebanon (Flag) and Mongolia (Flag)

Mongolia Exports

Date

Market Competitiveness

Color
Lebanon
Top Destination
United Arab Emirates$1.3B
Mongolia
Top Destination
China$13.1B

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

In 2023, countries that imported more from Lebanon than Mongolia included United Arab Emirates ($1.3B), Egypt ($340M), and Turkey ($253M).

In 2023, countries that imported more from Mongolia than Lebanon included China ($13.1B), Switzerland ($842M), and Thailand ($67.1M).

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

Comparative Advantage Lebanon - Mongolia

Flow
Scale

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

During 2023, Lebanon had a large net trade with Mongolia in the exports of Foodstuffs ($8.82k) and Textiles ($7.64k).

During 2018, Mongolia had a large net trade with Lebanon in the exports of Textiles ($26.4k), Transportation ($5.95k), and Machines ($980).

Economic Complexity

Competitive Landscape

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

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

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