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Lebanon

Lebanon ranked No. 92 in total trade value through March with a total of $282.57 million. Exports totaled $236 million and Imports totaled $46.57 million, a surplus of $189.43 million.

January – March 2019

Top Trading Ports

Total Trade: $282.57 million

RankPortTotal YTD
1Port of Houston $38,270,866
2Port of Savannah, Ga. $31,195,966
3Port of New Orleans $21,407,183
4Port of Southern Louisiana, Gramercy, St. James Parish $18,479,595
5John F. Kennedy International Airport $18,252,398
6Port of New York $17,064,488
7Port of Oakland, Calif. $14,411,224
8Port of Newark $14,265,829
9Port of Virginia $12,114,425
10Port of Long Beach $9,964,818

U.S. trade with Lebanon rose to $282.57 million through March

Lebanon’s trade with the United States rose to $282.57 million through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.42 percent above its total trade during the same time period last year. Lebanon’s exports decreased 9.72 percent while imports rose 133.13 percent. The U.S. surplus with Lebanon was $189.43 million.

Through March, 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 Houston No. 2 Port of Southern Louisiana, Gramercy, St. James Parish No. 3 Port of New York No. 4 Port of New Orleans and No. 5 Port of Newark. In the current time period, the top five accounted for 45.16 percent of Lebanon’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 28.42 percent to $38.27 million.
    Exports rose 28.79 percent to $37.57 million. Imports rose 11.28 percent to $702,440.
  • Trade with No. 2 Port of Savannah, Ga. rose 211.61 percent to $31.2 million.
    Exports fell 6.52 percent to $8.96 million. Imports rose 5113.58 percent to $22.24 million.
  • Trade with No. 3 Port of New Orleans rose 41.51 percent to $21.41 million.
    Exports rose 42.43 percent to $21.32 million. Imports fell 43.69 percent to $91,808.
  • Trade with No. 4 Port of Southern Louisiana, Gramercy, St. James Parish fell 36.62 percent to $18.48 million.
    Exports fell 36.62 percent to $18.48 million. There were no imports.
  • Trade with No. 5 John F. Kennedy International Airport rose 40.98 percent to $18.25 million.
    Exports rose 36.44 percent to $13.21 million. Imports rose 54.48 percent to $5.04 million.

Lebanon ranked No. 92 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 91.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Lebanon by value through March were the categories of Gasoline, other fuels; Motor vehicles for transporting people; Soybeans; Almonds, walnuts, pistachios, hazelnuts, etc.; and Antiques, respectively. They accounted for 48.15 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 Paintings, drawings and other artwork –– accounted for 74.35 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 18.76 percent compared to last year to $43.36 million.
  • Motor vehicles for transporting people fell 41.92 percent compared to last year to $35.4 million.
  • Soybeans rose 177336 percent compared to last year to $16.68 million.
  • Almonds, walnuts, pistachios, hazelnuts, etc. rose 36.61 percent compared to last year to $12.19 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 1167.58 percent compared to last year to $22.39 million.
  • Jewelry, parts rose 183.9 percent compared to last year to $6.31 million.
  • Fruit, nuts, prepared or preserved rose 42.53 percent compared to last year to $3.12 million.
  • Olive oil fell 3.76 percent compared to last year to $1.73 million.
  • Paintings, drawings and other artwork rose 12767 percent compared to last year to $1.08 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.