Venezuela (VEN) and Lebanon (LBN) Trade | The Observatory of Economic Complexity

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $150M in 2022.

In 2017, 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 2022 to $6.34M in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Lebanon
Top DestinationUnited Arab Emirates$956M

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

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

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

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

Comparative Advantage Venezuela - Lebanon

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Lebanon in the exports of Precious Metals ($147M), Wood Products ($2.31M), and Machines ($236k).

During 2017, 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).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Venezuela - Lebanon

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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