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2022
Economic Complexity
Trade 0.38Rank 48 of 133
2021
Economic Complexity
Technology -0.88Rank 72 of 96
2022
Economic Complexity
Research 0.6Rank 33 of 135
2022
Product
Exports | Imports $4.41B | $20.5B129 of 226 |  85 of 226
2022
Per Capita Product
Exports | Imports $804 | $3.73k126 of 220 |  121 of 220

About

Overview In 2022 Lebanon was the number 129 economy in the world in terms of total exports and the number 85 in total imports.

Exports The top exports of Lebanon are Diamonds ($439M), Polyacetals ($268M), Jewellery ($249M), Gold ($201M), and Scrap Iron ($198M), exporting mostly to United Arab Emirates ($956M), Syria ($370M), Egypt ($234M), United States ($201M), and Turkey ($164M).

Imports The top imports of Lebanon are Refined Petroleum ($5.12B), Cars ($1.13B), Gold ($987M), Broadcasting Equipment ($624M), and Diamonds ($427M), importing mostly from China ($2.8B), Turkey ($2.69B), Greece ($1.78B), United Arab Emirates ($1.41B), and Italy ($1.08B).

Location Lebanon borders Israel by land and Cyprus by sea.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Lebanon.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Diamonds$439M
Top Destination (2022)United Arab Emirates$956M

In 2022, Lebanon exported a total of $4.41B, making it the number 129 exporter in the world. During the last five reported years the exports of Lebanon have changed by $736M from $3.68B in 2017 to $4.41B in 2022.

The most recent exports are led by Diamonds ($439M), Polyacetals ($268M), Jewellery ($249M), Gold ($201M), and Scrap Iron ($198M). The most common destination for the exports of Lebanon are United Arab Emirates ($956M), Syria ($370M), Egypt ($234M), United States ($201M), and Turkey ($164M).

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Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2021 - 2022)
Syria$262M (+ 243%)
Kuwait$54.8M (+ 55.2%)
Turkey$52.9M (+ 47.7%)
Fastest Growing Import Markets (2021 - 2022)
China$1.34B (+ 91.6%)
Turkey$986M (+ 57.7%)
Italy$481M (+ 80.1%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Lebanon Exports Services (2020)$4.9B
Lebanon Imports Services (2020)$4.84B

In 2020, Lebanon exported $4.9B worth of services. The top services exported by Lebanon in 2020 were Personal travel ($2.32B), Miscellaneous business, professional, and technical services ($978M), Merchanting and other trade-related services ($575M), Reinsurance ($215M), and Telecommunications services ($134M).

The top services imported by Lebanon in 2020 were Personal travel ($1.61B), Miscellaneous business, professional, and technical services ($804M), Sea transport ($631M), Financial services ($373M), and Reinsurance ($328M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Overview

Economic Complexity (Trade)0.38Rank 48 of 133
Economic Complexity (Technology)-0.88Rank 72 of 96
Economic Complexity (Research)0.6Rank 33 of 135

Most Specialized Products by RCA Index

Lebanon has a high level of specialization in Phosphatic Fertilizers (169), Locust beans, seaweed, sugar beet, cane, for food (69.2), Calcium Phosphates (57.6), Tanks and Armored vehicles (52.4), and Raw Lead (41.4). Specialization is measured using RCA, an index that takes the ratio between Lebanon observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Lebanon according to the relatedness index, were Cement (0.28), Melons (0.27), Raw Sugar (0.26), Non-fillet Fresh Fish (0.26), and Packing Bags (0.26). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Lebanon is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Lebanon. These are products that tend to be co-exported with the products that Lebanon exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale
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During the last 20 years Lebanon's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨nullth to the 48th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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ECI (Trade) Ranking by Country

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