This is a best prospect industry sector for this country. Includes a market overview and trade data.
According to Lebanese Customs statistics (chapters 1-24), Lebanon’s total agricultural imports reached $3.112 billion in 2019, of which $159 million, or 5 percent, was purchased from the United States. Major U.S. agricultural exports to Lebanon include oil seeds and oleaginous fruits (46 million), edible fruits and nuts ($38 million), miscellaneous edible preparations ($25 million), and cereals ($8 million).
Given that the local financial sector has imposed strict controls on capital outflows, experts predict a major decrease in imports in general to Lebanon. There have been some local attempts at import substitution in the agricultural sector. Imports in the first half of 2020 have already fallen by 50 percent compared to the same period in 2019. With the destruction of the Port of Beirut, analysts expect imports to fall even further, although Lebanon will continue to rely on imports for approximately 80 percent of its food needs.
Contact for the Commercial Section that covers the agriculture sector: Naaman Tayyar, Head of Commercial Section, Email: Naaman.Tayyar@trade.gov.