Lebanese-Ukrainian trade relations

Lebanon runs a severe trade deficit with Ukraine and records a trade volume of USD 354 million

With the outbreak of war in Ukraine, the Lebanese began to fear a shortfall in imported goods, notably wheat. The trade movement between Lebanon and Ukraine proves that Lebanon has a negative balance for its imports from Ukraine exceed its exports. Table No. 1 below shows that from 2012 to 2020, imports from Ukraine averaged around USD 354 million annually.

Table No. 1: Trade volume between Lebanon and Ukraine (2012-2020).

 Source: Information International based on Lebanese Customs figures.

Among the goods imported from Ukraine in 2020, wheat comes first. The following Table No. 2 shows that in 2020 Lebanon imported from Ukraine 511,000 tons of wheat worth USD 119 million, i.e. 44% of the total value of imports.

Table No. 2: Lebanon’s main imports from Ukraine in 2020.

Source: Information International based on Lebanese Customs figures.