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Lebanon

Lebanon ranked No. 93 in total trade value through August with a total of $801.18 million. Exports totaled $695.13 million and Imports totaled $106.04 million, a surplus of $589.09 million.

January – August 2019

Top Trading Ports

Total Trade: $801.18 million

RankPortTotal YTD
1Port of Houston $178,352,367
2Port of Wilmington, Dela. $53,059,776
3Port of New York $46,927,805
4Port of Savannah, Ga. $46,665,681
5John F. Kennedy International Airport $43,513,097
6Port of Newark $41,982,554
7Port of New Orleans $37,679,363
8Port of Virginia $29,483,321
9Los Angeles International Airport $29,221,262
10Port of Long Beach $26,578,343

U.S. trade with Lebanon rose to $801.18 million through August

Lebanon’s trade with the United States rose to $801.18 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 16.36 percent below its total trade during the same time period last year. U.S. exports to Lebanon decreased 21.76 percent while U.S. imports from Lebanon rose 52.77 percent. The U.S. surplus with Lebanon was $589.09 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of Wilmington, Dela.; No. 3 Port of New York; No. 4 Port of Savannah, Ga.; and No. 5 John F. Kennedy International Airport. During the same period the previous year, the top five were No. 1 Port of Houston No. 2 Port of Southern Louisiana, Gramercy, St. James Parish No. 3 Port of Worcester, Mass. No. 4 Port of New York and No. 5 Port of Texas City, Texas. In the current time period, the top five accounted for 46 percent of Lebanon’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 2.07 percent to $178.35 million.
    Exports rose 2.25 percent to $176.53 million. Imports fell 12.84 percent to $1.83 million.
  • Trade with No. 2 Port of Wilmington, Dela. rose 96.55 percent to $53.06 million.
    Exports rose 96.3 percent to $52.99 million. Imports totaled $68,000.
  • Trade with No. 3 Port of New York fell 22.46 percent to $46.93 million.
    Exports fell 22.86 percent to $46.68 million. Imports rose 2025.39 percent to $252,645.
  • Trade with No. 4 Port of Savannah, Ga. rose 31.66 percent to $46.67 million.
    Exports fell 31.09 percent to $23.25 million. Imports rose 1272.62 percent to $23.42 million.
  • Trade with No. 5 John F. Kennedy International Airport rose 14.56 percent to $43.51 million.
    Exports rose 2.02 percent to $25.83 million. Imports rose 39.64 percent to $17.69 million.

Lebanon ranked No. 93 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 87.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Lebanon by value through August were the categories of Gasoline, other fuels; Motor vehicles for transporting people; Cranes, derricks, industrial-use vehicles; Civilian aircraft, parts; and Almonds, walnuts, pistachios, hazelnuts, etc., respectively. They accounted for 52.95 percent of total exports to Lebanon.

The value of the top five categories of U.S. imports from Lebanon –– Jewelry, parts; Value added to a returned import; Fruit, nuts, prepared or preserved; Olive oil; and Wine –– accounted for 66.4 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 31.44 percent compared to last year to $186.12 million.
  • Motor vehicles for transporting people fell 37.7 percent compared to last year to $101.75 million.
  • Cranes, derricks, industrial-use vehicles rose 66.69 percent compared to last year to $34.98 million.
  • Civilian aircraft, parts rose 933.69 percent compared to last year to $24.84 million.
  • Almonds, walnuts, pistachios, hazelnuts, etc. rose 40.13 percent compared to last year to $20.36 million.

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

  • Jewelry, parts rose 75.65 percent compared to last year to $31.24 million.
  • Value added to a returned import rose 273.55 percent compared to last year to $23.5 million.
  • Fruit, nuts, prepared or preserved rose 30.4 percent compared to last year to $9.01 million.
  • Olive oil fell 16.29 percent compared to last year to $3.58 million.
  • Wine rose 7.21 percent compared to last year to $3.08 million.

In the latest annual figures available, Lebanon recorded $1.38 billion in trade with the United States. At year’s end, its were Houston; New York City; New Orleans; Los Angeles; and Atlanta/Savannah. Total U.S. exports to Lebanon were $ 1.25 billion and imports from Lebanon were $128.55 million. The U.S. surplus with Lebanon was $1.12 billion.