Lebanon

Indo-Lebanon trade, which was hampered during the civil war, has increased in recent years

Last updated: March 12, 2024
  • overview
  • strengths
  • Bilateral Agreements
  • bilateral trade
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  • Indian Mission

Increasing market for Indian music, films and cuisine in Lebanon

MoU between India and Lebanon for cooperation in agriculture and allied sectors

Many products are now being sourced in India by Lebanese companies for export to Africa, Latin America and the Middle East

US$ 3.23mn
FDI inflows in India from April 2000 to September 2022

US$ 345.61 mn

Bilateral trade value in 2021-2022

2,000-2500
Overseas Indians living in Lebanon

Location

Lebanon’s is located at the crossroads of three continents — Europe, Asia, and Africa

Free foreign exchange

market, full currency convertibility policies, and no restrictions on the inward or outward movement of capital

Infrastructure

State-of-the-art telecommunications, expanding port facilities and infrastructure development to facilitate trade

Investment

One of the most investor friendly climates in the Middle East with investment options in all sectors, especially tourism, agriculture and energy

India-Lebanon Bilateral Relations

A summary of the bilateral engagements between India and Lebanon.

MoU in Agriculture and Allied Sectors approved by Cabinet

An MoU between India and Lebanon to improve agricultural productivity and benchmark the best practices across the world has been approved by the Cabinet.

MoU between Trade Promotion Council of India & Association of Bekaa Industrialists

The MoU signed between the two industrial bodies will look to expand bilateral business engagements

Signing of an MOU between Irfan Establishment and Apollo Group

The MOU will facilitate telemedicine, the training of doctors from the Irfan Establishment by experts from the Apollo group and also the transfer of patients to India for critical care and sophisticated medical treatment.
MOU between FIEO & ASI (Association of Shouf Industrialists), Lebanon

The MoU signed between the two industrial associations will look to expand bilateral business engagements

India's Exports and Imports to Lebanon

Source: Department of Commerce

Dated: 06/02/2023
Values in US $ Millions

Country / Region:  LEBANON

S.No. \Year 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
1. EXPORT 257.10 268.67 203.97 190.38 313.14
2. %Growth 4.50 -24.08 -6.67 64.48
3. India’s Total Export 303,526.16 330,078.09 313,361.04 291,808.48 422,004.40
4. %Growth 8.75 -5.06 -6.88 44.62
5. %Share 0.08 0.08 0.07 0.07 0.07
6. IMPORT 38.47 43.94 30.94 27.95 32.46
7. %Growth 14.20 -29.59 -9.63 16.13
8. India’s Total Import 465,580.99 514,078.42 474,709.28 394,435.88 613,052.05
9. %Growth 10.42 -7.66 -16.91 55.43
10. %Share 0.01 0.01 0.01 0.01 0.01
11. TOTAL TRADE 295.57 312.60 234.91 218.33 345.61
12. %Growth 5.76 -24.85 -7.06 58.29
13. India’s Total Trade 769,107.15 844,156.51 788,070.32 686,244.36 1,035,056.45
14. %Growth 9.76 -6.64 -12.92 50.83
15. %Share 0.04 0.04 0.03 0.03 0.03
16. TRADE BALANCE 218.62 224.73 173.04 162.42 280.68
17. India’s Trade Balance -162,054.83 -184,000.33 -161,348.24 -102,627.40 -191,047.65

Investment Development Authority of Lebanon

+961 1 983306

Visit Website

Lazarieh Tower, 4th Floor, Emir Bechir Street, Riad El-Solh Beirut, Lebanon, P.O.Box 113-7251

Embassy of India, Lebanon

++961-1-735847

Visit Website

Second Secretary

239, Ibrahim Abed El Aal Street, Ras Beirut
PO Box 113-5240
Beirut [Lebanon]

 

+961-1-735922

Attaché (Comm & ITEC)

Opportunities

Agricultural exports

    Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of >10 l (220429)

    agriexchange.apeda.gov.in

    Meat of bovine animals, fresh/chilled, boneless (020130)

    agriexchange.apeda.gov.in

    Sweet biscuits (190531)

    agriexchange.apeda.gov.in

    Maize (corn), other than seed (100590)
    OTHER DURUM WHEAT EXCL SEED (100119)
    Semi-milled/wholly milled rice, whether or not polished/glazed (100630)

    agriexchange.apeda.gov.in

    Cheese (excl. of 0406.10-0406.40) (040690)
    Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)
    Processed cheese, not grated/powdered (040630)

    agriexchange.apeda.gov.in

    Food preps., n.e.s. (210690)
    Preparations for infant use, put up for RS (190110)
    Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)

    agriexchange.apeda.gov.in

    Food preps., n.e.s. (210690)
    Preparations for infant use, put up for RS (190110)

    agriexchange.apeda.gov.in

    Other cane sugar: (170114)

    agriexchange.apeda.gov.in

    Crustacean; frozen, shrimps and prawns, excluding cold – water varieties, in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by staeming or by boiling in water
    Fish; fresh or chilled, atlantic salmon (salmon salar) and Danube salmon (huncho huncho), excluding fillets, livers, roes and other fish meat
    Fish; fresh or chilled, n.e.c. excluding fillets, livers, roes and other fish meat
    Preaparation/ preserved meat, meat offal/ blood of FWLS of the SPCS gallus DMSTCS
    Sauces and similar products of meat, meat offal or blood food preparations based on these products

    fishexchange.mpeda.gov.in

Priority Sectors

Here are the leading sectors of opportunities for foreign investors

Construction
Electrical Machinery
Gems & Jewellery
Leather
Pharmaceuticals
Textiles and Garments
Tourism

Top Import/ Export Items

India's top import from Lebanon
  • Aluminum
  • Copper waste and scrap
  • Tanned or crust hides and skins
India's top export to Lebanon
  • Machinery
  • Gems
  • Textiles
  • Plastic

Bilateral Investors

ONGC Videsh - Hydrocarbon

Cairn India - Hydrocarbon

OEG

Dar Al Handasah

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