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Lebanon

Lebanon ranked No. 86 in total trade value through October with a total of $1.16 billion. Exports totaled $1.08 billion and Imports totaled $87.88 million, a surplus of $987.14 million.

January – October 2018

Top Trading Ports

Total Trade: $1.16 billion

RankPortTotal YTD
1Port of Houston $222,337,138
2Port of Southern Louisiana, Gramercy, St. James Parish $100,703,362
3Port of New York $74,796,213
4Port of Worcester, Mass. $70,929,346
5Port of Newark $55,545,731
6John F. Kennedy International Airport $52,020,901
7Port of New Orleans $45,173,693
8Port of Texas City, Texas $44,850,000
9Port of Savannah, Ga. $43,802,818
10Port of Jacksonville, Fla. $40,598,011

U.S. trade with Lebanon rose to $1.16 billion through October

Lebanon’s trade with the United States rose to $1.16 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 1.18 percent above its total trade during the same time period last year. Lebanon’s exports increased 2.65 percent while imports fell 13.97 percent. The U.S. surplus with Lebanon was $987.14 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of Southern Louisiana, Gramercy, St. James Parish; No. 3 Port of New York; No. 4 Port of Worcester, Mass.; and No. 5 Port of Newark. During the same period the previous year, the top five were No. 1 Port of Houston No. 2 Port of New Orleans No. 3 Port of New York No. 4 Port of Newark and No. 5 John F. Kennedy International Airport. In the current time period, the top five accounted for 45.09 percent of Lebanon’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston fell 5.09 percent to $222.34 million.
    Exports fell 5.6 percent to $219.81 million. Imports rose 78.19 percent to $2.53 million.
  • Trade with No. 2 Port of Southern Louisiana, Gramercy, St. James Parish rose 649.7 percent to $100.7 million.
    Exports rose 649.7 percent to $100.7 million. There were no imports.
  • Trade with No. 3 Port of New York fell 17.55 percent to $74.8 million.
    Exports fell 17.57 percent to $74.66 million. Imports fell 2.1 percent to $138,037.
  • Trade with No. 4 Port of Worcester, Mass. rose 75.81 percent to $70.93 million.
    Exports rose 75.81 percent to $70.93 million. There were no imports.
  • Trade with No. 5 Port of Newark fell 28.37 percent to $55.55 million.
    Exports fell 49.54 percent to $27.93 million. Imports rose 24.44 percent to $27.61 million.

Lebanon ranked No. 86 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 86.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Lebanon by value through October were the categories of Gasoline, other fuels; Motor vehicles for transporting people; Aircraft, Spacecraft, Satellites; Motor vehicle parts; and Cranes, derricks, industrial-use vehicles, respectively. They accounted for 59.55 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; Value added to a returned import; Olive oil; and Women’s or girls’ suits, not knit –– accounted for 57.22 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 3.44 percent compared to last year to $329.53 million.
  • Motor vehicles for transporting people fell 3.56 percent compared to last year to $194.46 million.
  • Aircraft, Spacecraft, Satellites rose 75 percent compared to last year to $70 million.
  • Motor vehicle parts fell 16.62 percent compared to last year to $25.19 million.
  • Cranes, derricks, industrial-use vehicles rose 2450.07 percent compared to last year to $20.99 million.

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

  • Jewelry, parts fell 22.06 percent compared to last year to $25.57 million.
  • Fruit, nuts, prepared or preserved rose 2.81 percent compared to last year to $8.91 million.
  • Value added to a returned import fell 52.96 percent compared to last year to $6.99 million.
  • Olive oil rose 21.42 percent compared to last year to $4.99 million.
  • Women’s or girls’ suits, not knit fell 16.62 percent compared to last year to $3.82 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.