- 04
- Dec.
- 2024
Lebanese exports remain a vital pillar of the national economy despite significant challenges. Renowned for its agricultural produce, jewelry and wines, Lebanon continues to maintain a foothold in international markets. Key trading partners include nations in the Middle East, Europe and Africa. However, economic instability and logistical hurdles continue to weigh heavily on the performance of the export sector.
In 2023, Lebanon's total exports dropped by 14.3%, declining from $3.5 billion in 2022 to $3 billion. The main export categories were precious metals, such as gold, which made up 25.4% of the total and saw a 1% increase; base metals, at 14.3%, down to 12.3%; electrical machinery and equipment, accounting for 12.9% with a 12.8% rise; agri-food products, representing 12.6% but decreasing by 3.3%; chemicals and pharmaceuticals, contributing 9.9% and falling by 19.8%; and fruits and vegetables, which made up 6.9% and experienced a significant 35% decline.
Gold and jewelry remain the most lucrative export categories, accounting for a significant portion of revenue.
Lebanese exports are predominantly directed to the United Arab Emirates, which accounts for 19.7% of the total, followed by Turkey (9.8%), Egypt (5.4%), Iraq (5.1%), Switzerland (4.8%) and the United States (4%). France constitutes a minor market with just 1.4%, while the European Union collectively imports 12.9% of Lebanon’s exports.
For example, Lebanese jewelry is particularly sought after in Switzerland, while agri-food products enjoy strong demand in Gulf markets.
Significant but limited exports
Lebanon's exports, although notable, are hindered by significant internal economic challenges. These include logistical difficulties, chronic electricity shortages, the multifaceted crisis that has impeded industrial competitiveness, high production costs and dependency on regional markets. To boost and diversify its exports, Lebanon is working to enhance its infrastructure and forge new trade partnerships.
However, while Lebanon imports over 85% of its consumer goods – a striking contrast to its export figures – the range of export products has expanded. One surprising addition is animal intestines, which have become a highly lucrative trade for the country. This niche market generates around €30 million annually, with these exports mainly going to the EU, where they are utilized in the production of sausages and medical sutures.
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