They both settled near bodies of water; The Babylonians settled between the Tigris and Euphrates Rivers and the Phoenicians settled on the Mediterranean coast. The access to flowing waters helped them greatly because the Babylonians used it to water their crops and plants to trade and while the Phoenicians did use it for growing crops, it was more used as a trading rout for them. Without water, they would both suffer greatly.
The Babylonians and Phoenicians specialized in different things. Unlike the Babylonians, the Phoenicians became best known for manufacturing and goods. They made glass from costal sand, produced a purple dye called, “Tyrian purple,” and made scrolls for books and traded them for tin. On the other hand, the Babylonians were mostly known for their farming. Being one of the most fertile areas, they grew vegetables and grain using a complex system of irrigation between the two rivers and were transported throughout the Middle East in exchange for raw materials.
Lastly, each group created something different that we use to this day and helped us for the good. The Phoenicians were also known for their creation of the alphabet because they needed a simple alphabet to ease the burden of keeping records. It consisted of 22 letters based on distinct sounds. On the flip side, the Babylonians were guided by Hammurabi and recorded their laws, later known as the Code of Hammurabi, the first major collection of written laws. These laws would help keep things in order.
All in all, The Phoenicians and Babylonians had more differences then similarities. As a result, they are different overall because of what they specialized in and what they created. Each civilization has different methods to survive, and if there was no diversity, nothing new would ever be invented. Their contributions were important and without them, the world might not be what it is today.