Trade Trend

In 2023, Lebanon's total export value is 2.18Billion USD, total import value is 15.29Billion USD, Deficit is -13.11Billion USD, and foreign trade dependency is 0.974. In 2023，Lebanon's top export products are Ferrous waste and scrap; remelting scrap ingots of iron or steel(167.19Million USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(159.57Million USD), Natural calcium phosphates; natural aluminium calcium phosphates and phosphatic chalk(154.87Million USD), top export destinations are Egypt(242.81Million USD), United States(205.16Million USD), Netherlands(202.26Million USD). In 2023, Lebanon's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(3.37Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(1.60Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(639.19Million USD), top import origins are China(2.37Billion USD), Switzerland(1.73Billion USD), Turkey(1.64Billion USD).

Comparing to 2022, Lebanon's total export value decreased -1.31Billion USD(-37.48%) in 2023, this could result from its export decreases of products such as Diamonds, whether or not worked, but not mounted or set(-430.81Million USD or -98.76%), Polyacetals, other polyethers and epoxide resins, in primary forms; polycarbonates, alkyd resins, polyallyl esters and other polyesters, in primary forms(-264.27Million USD or -99.01%), Fertilizers; mineral or chemical, phosphatic(-85.65Million USD or -75.28%) and export decreases to countries/economics such as South Korea(-73.05Million USD or -68.86%), Brazil(-39.22Million USD or -74.51%), Turkey(-22.50Million USD or -17.25%). Comparing to 2022, Lebanon's total import value decreased -3.76Billion USD(-19.76%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-1.81Billion USD or -34.89%), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(-782.50Million USD or -55.04%), Diamonds, whether or not worked, but not mounted or set(-469.04Million USD or -92.71%), and its import decreases from countries/economies such as Turkey(-776.67Million USD or -32.10%), United States(-426.06Million USD or -44.02%), China(-303.00Million USD or -11.33%).