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Lebanon

Lebanon ranked No. 90 in total trade value through February with a total of $200.72 million. Exports totaled $163.74 million and Imports totaled $36.98 million, a surplus of $126.76 million.

January – February 2019

Top Trading Ports

Total Trade: $200.72 million

RankPortTotal YTD
1Port of Houston $30,865,025
2Port of Savannah, Ga. $27,635,917
3Port of New Orleans $20,296,947
4Port of Southern Louisiana, Gramercy, St. James Parish $18,479,595
5John F. Kennedy International Airport $12,799,509
6Port of Oakland, Calif. $10,487,197
7Port of Newark $8,452,932
8Port of Virginia $8,400,320
9Port of New York $8,178,024
10Port of Long Beach $6,322,625

U.S. trade with Lebanon rose to $200.72 million through February

Lebanon’s trade with the United States rose to $200.72 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 29 percent above its total trade during the same time period last year. Lebanon’s exports increased 14.41 percent while imports rose 196.58 percent. The U.S. surplus with Lebanon was $126.76 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of Savannah, Ga.; No. 3 Port of New Orleans; No. 4 Port of Southern Louisiana, Gramercy, St. James Parish; and No. 5 John F. Kennedy International Airport. During the same period the previous year, the top five were No. 1 Port of Southern Louisiana, Gramercy, St. James Parish No. 2 Port of New York No. 3 Port of Jacksonville, Fla. No. 4 Port of Houston and No. 5 Port of Newark. In the current time period, the top five accounted for 54.84 percent of Lebanon’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 287.8 percent to $30.87 million.
    Exports rose 303.91 percent to $30.49 million. Imports fell 9.01 percent to $372,807.
  • Trade with No. 2 Port of Savannah, Ga. rose 377.02 percent to $27.64 million.
    Exports fell 4.69 percent to $5.52 million. Imports totaled $22.11 million.
  • Trade with No. 3 Port of New Orleans rose 595.17 percent to $20.3 million.
    Exports rose 595.08 percent to $20.21 million. Imports rose 615.41 percent to $91,808.
  • Trade with No. 4 Port of Southern Louisiana, Gramercy, St. James Parish fell 19.05 percent to $18.48 million.
    Exports fell 19.05 percent to $18.48 million. There were no imports.
  • Trade with No. 5 John F. Kennedy International Airport rose 68.95 percent to $12.8 million.
    Exports rose 111.1 percent to $10.41 million. Imports fell 9.73 percent to $2.39 million.

Lebanon ranked No. 90 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 95.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Lebanon by value through February were the categories of Gasoline, other fuels; Motor vehicles for transporting people; Soybeans; Almonds, walnuts, pistachios, hazelnuts, etc.; and Antiques, respectively. They accounted for 57.1 percent of total exports to Lebanon.

The value of the top five categories of U.S. imports from Lebanon –– Value added to a returned import; Jewelry, parts; Fruit, nuts, prepared or preserved; Olive oil; and Women’s or girls’ suits, not knit –– accounted for 80.69 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 80.84 percent compared to last year to $43.13 million.
  • Motor vehicles for transporting people fell 47.94 percent compared to last year to $19.56 million.
  • Soybeans rose 177336 percent compared to last year to $16.68 million.
  • Almonds, walnuts, pistachios, hazelnuts, etc. rose 60.59 percent compared to last year to $8.13 million.
  • Antiques rose 8536.2 percent compared to last year to $6 million.

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

  • Value added to a returned import rose 1311.12 percent compared to last year to $22.33 million.
  • Jewelry, parts rose 177.22 percent compared to last year to $3.89 million.
  • Fruit, nuts, prepared or preserved rose 69.61 percent compared to last year to $2.08 million.
  • Olive oil rose 16.98 percent compared to last year to $1.07 million.
  • Women’s or girls’ suits, not knit fell 31.45 percent compared to last year to $466,245.

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.