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Pricing

2022
Flag → Flag
Exports $6.34MRnk 63 / 177
2022
Flag → Flag
Top Product $782kPure Olive Oil
2022
Flag → Flag
Exports $150MRnk 8 / 126
2022
Flag → Flag
Top Product $147MGold
2022
Flag
Economic Complexity (ECI) ECI 0.38Rnk 48 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133

About

Lebanon-Venezuela Trade: In 2022, Lebanon exported $6.34M to Venezuela. The main products that Lebanon exported to Venezuela were Pure Olive Oil ($782k), Toilet Paper ($491k), and Baked Goods ($470k). Over the past 5 years the exports of Lebanon to Venezuela have increased at an annualized rate of 45.4%, from $976k in 2017 to $6.34M in 2022.

In 2022, Lebanon did not export any services to Venezuela.

Venezuela-Lebanon Trade: In 2022, Venezuela exported $150M to Lebanon. The main products that Venezuela exported to Lebanon were Gold ($147M), Wood Charcoal ($2.31M), and Batteries ($92.2k). Over the past 5 years the exports of Venezuela to Lebanon have increased at an annualized rate of 236%,  from $349k in 2017 to $150M in 2022.

In 2022, Venezuela did not export any services to Lebanon.

Comparison: In 2022,  Lebanon ranked 48 in the Economic Complexity Index (ECI 0.38), and 129 in total exports ($4.41B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Lebanon exported $6.34M to Venezuela. The main products exported from Lebanon to Venezuela were Pure Olive Oil ($782k), Toilet Paper ($491k), and Baked Goods ($470k). During the last 5 years the exports of Lebanon to Venezuela have increased at an annualized rate of 45.4%, from $976k in 2017 to $6.34M in 2022.

In 2017, Venezuela exported $150M to Lebanon. The main products exported from Venezuela to Lebanon were Gold ($147M), Wood Charcoal ($2.31M), and Batteries ($92.2k). During the last 5 years the exports of Venezuela to Lebanon have increased at an annualized rate of 236%, from $349k in 2022 to $150M in 2017.

Exports from Lebanon (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to Lebanon (Flag) (2022)

Market Competitiveness

Color
Lebanon
Top DestinationUnited Arab Emirates$956M
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Lebanon than Venezuela included United Arab Emirates ($956M), Syria ($370M), and Egypt ($234M).

In 2022, countries that imported more from Venezuela than Lebanon included China ($703M), Spain ($518M), and Turkey ($597M).

Difference in imports from Venezuela (Flag) and Lebanon (Flag) (2022)

Comparative Advantage Lebanon - Venezuela

Flow
Scale

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

During 2022, Lebanon had a large net trade with Venezuela in the exports of Foodstuffs ($2.75M), Animal and Vegetable Bi-Products ($821k), and Vegetable Products ($678k).

During 2017, Venezuela had a large net trade with Lebanon in the exports of Precious Metals ($147M), Wood Products ($2.31M), and Machines ($236k).

Economic Complexity

Competitive Landscape

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

Product Space of Lebanon (Flag) and Venezuela (Flag) (2022)

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