Lebanon, 74th Largest Importer in 2011
Figures issued by the World Trade Organization indicate that Lebanon ranked in 109th place among 195 countries around the world and in 17th place among 19 Arab countries in terms of merchandise exports in 2011, as reported by Lebanon This Week, Byblos Bank newsletter. Lebanon's global ranking regressed by three spots, while its regional ranking was unchanged from 2010. Globally, Lebanon ranked ahead of Paraguay, Iceland and El Salvador and came behind Kenya, Bosnia and Herzegovina, and Botswana. Lebanon's exports increased by 12.8% year-on-year compared to an increase of 19.5% for world exports and a rise of 31.6% for the exports of Arab countries included in the survey. Lebanese exports accounted for 0.03% of global exports and for 0.5% of aggregate Arab exports in 2011.
Further, Lebanon ranked in 74th place globally and in 11th place among Arab countries in terms of merchandise imports in 2011. Lebanon's global ranking increased by two spots, while its ranking was unchanged among Arab economies. Globally, Lebanon ranked ahead of Sri Lanka, Serbia and Jordan, and came behind Panama, Angola and Croatia. Regionally, Lebanon ranked ahead of Syria, Jordan and Bahrain and came behind Oman, Tunisia and Kuwait. Lebanese imports increased by 12.4% year-on-year, compared to a rise of 19.2% for world imports and an increase of 17.5% for Arab imports. Lebanese imports accounted for 0.1% of global imports and for 2.8% of aggregate Arab imports in 2011.
In parallel, Lebanon ranked in 83rd place globally and in 12th place among Arab countries in terms of the combined value of exports and imports in 2011. Lebanon came in 80th place globally and in 14th place among Arab economies in 2010.
Photo: Uwe Hermann
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