Trade Balance in Lebanon

Lebanon Trade Balance | Economic News & Forecasts

Lebanon - Trade Balance

Economic conditions remain challenging. During the first four months of 2022, the private-sector PMI was in contractionary territory—while remaining higher than the average reading for 2021—and inflation averaged over 200%. Moreover, the war in Ukraine is hitting an already strained food supply, as the vast majority of wheat imported into Lebanon before the war came from Ukraine. The recent approval of a USD 150 million World Bank loan will only go part way to ensuring short-term food security. Meanwhile, general elections were held in mid-May. Hezbollah and its allies lost their parliamentary majority, with over a dozen anti-establishment candidates elected and the Lebanese Forces emerging as the largest party. A fractured parliament and the confessional power-sharing arrangement mean that the appointment of a new prime minister and president will take time, delaying the arrival of IMF support.

Lebanon - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-13.6  -14.0  -14.4  -15.1  -     

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Lebanon Trade Balance Chart

Lebanon Trade Balance
Note: Trade balance in (USD bn).
Source: Central Bank of Lebanon

Lebanon Facts

Value Change Date
Exchange Rate1,5130.0 %Dec 31

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