Lebanon

Lebanon ranked No. 106 in total trade value through May with a total of $274.22 million. Exports totaled $228.04 million and Imports totaled $46.19 million, a surplus of $181.85 million.

U.S. trade with Lebanon rose to $227.62 million through May

Lebanon’s trade with the United States rose to $227.62 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 44.17 percent below its total trade during the same time period last year. U.S. exports to Lebanon decreased 46.23 percent while U.S. imports from Lebanon fell 31.72 percent. The U.S. surplus with Lebanon was $148.65 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of New Orleans; No. 2 Port of Houston; No. 3 John F. Kennedy International Airport; No. 4 Port of Newark; and No. 5 Port of Virginia. During the same period the previous year, the top five were No. 1 Port of Houston; No. 2 Port of Savannah, Ga.; No. 3 Port of New Orleans; No. 4 John F. Kennedy International Airport and No. 5 Port of New York. In the current time period, the top five accounted for 52.01 percent of Lebanon’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans rose 28.45 percent to $44.15 million.
    Exports rose 28.87 percent to $43.97 million. Imports fell 29.09 percent to $173,532.
  • Trade with No. 2 Port of Houston fell 70.12 percent to $32.9 million.
    Exports fell 71.92 percent to $30.59 million. Imports rose 100.87 percent to $2.31 million.
  • Trade with No. 3 John F. Kennedy International Airport rose 0.84 percent to $30.08 million.
    Exports rose 25.57 percent to $21.2 million. Imports fell 31.43 percent to $8.87 million.
  • Trade with No. 4 Port of Newark fell 29.07 percent to $18.49 million.
    Exports fell 67.89 percent to $3.92 million. Imports rose 5.14 percent to $14.57 million.
  • Trade with No. 5 Port of Virginia fell 14.54 percent to $17 million.
    Exports fell 14.46 percent to $16.49 million. Imports fell 17.26 percent to $511,123.

Lebanon ranked No. 106 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 93.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Lebanon by value through May were the categories of Gasoline, other fuels; Soybeans; Military weapons, excluding pistols; Civilian aircraft, parts; and Defense-related aircraft, parts, respectively. They accounted for 51.11 percent of total exports to Lebanon.

The value of the top five categories of U.S. imports from Lebanon –– Jewelry, parts; Fruit, nuts, prepared or preserved; Returned exports, without change; Olive oil; and Wine –– accounted for 58.89 percent of all inbound shipments.

Looking more closely at U.S. exports to Lebanon:

  • Gasoline, other fuels fell 47.19 percent compared to last year to $63.53 million.
  • Soybeans fell 14.3 percent compared to last year to $14.29 million.
  • Military weapons, excluding pistols rose 150173 percent compared to last year to $13.34 million.
  • Civilian aircraft, parts rose 24.39 percent compared to last year to $13.27 million.
  • Defense-related aircraft, parts rose 86.14 percent compared to last year to $12.11 million.

Looking more closely at U.S. imports from Lebanon:

  • Jewelry, parts fell 33.64 percent compared to last year to $13.54 million.
  • Fruit, nuts, prepared or preserved fell 2.47 percent compared to last year to $5.69 million.
  • Returned exports, without change fell 86.43 percent compared to last year to $3.11 million.
  • Olive oil rose 8.79 percent compared to last year to $2.96 million.
  • Wine rose 9.16 percent compared to last year to $1.9 million.

In the latest annual figures available, Lebanon recorded $1.19 billion in trade with the United States. Total U.S. exports to Lebanon were $ 1.04 billion and imports from Lebanon were $150.2 million. The U.S. surplus with Lebanon was $887.26 million.