Syria recorded a trade deficit of 1909953 SYP Million in 2016. Balance of Trade in Syria averaged -70186.40 SYP Million from 1983 until 2016, reaching an all time high of 82856.40 SYP Million in 1990 and a record low of -1909953 SYP Million in 2016.

Balance of Trade in Syria is expected to be 7976.00 SYP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Syria Balance of Trade is projected to trend around 7976.00 SYP Million in 2020, according to our econometric models.

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Syria Balance of Trade
Syria Trade Last Previous Highest Lowest Unit
Exports 328519.00 210065.00 505107.00 13391.20 SYP Million [+]
Gold Reserves 25.80 25.80 25.91 25.80 Tonnes [+]
Crude Oil Production 25.00 25.00 598.00 14.00 BBL/D/1K [+]
Terrorism Index 8.01 8.32 8.62 0.00 [+]

Syria Balance of Trade

Due to the civil war, Syria is under international sanctions and foreign trade has been brought to a halt. In the 90s, Syria benefitted from higher oil revenues and was major oil producer. However, in recent years, declining oil production and a growth in imports had led to trade deficits. Syria’s other exports included fuels, calcium phosphate, sheep, tomatoes, electricity, cotton, chemicals and eggs. Syria mostly imported fuel, sugar, grains, iron and steel, cigarettes, plastics, vehicles and soy beans. Syria’s main trading partners were Italy, France, Saudi Arabia, Turkey, Iraq, Ukraine, China, the United States, Russia, Lebanon, South Korea and Egypt. This page provides - Syria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Syria Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1909953.00 -1287276.00 82856.40 -1909953.00 1983 - 2016 SYP Million Yearly

Country Last Previous
Argentina 1768.00 Oct/19 1744
Australia 4502.00 Oct/19 6847
Brazil 3428.00 Nov/19 1206
Canada -1078.50 Oct/19 -1229
China 387.27 Nov/19 425
Euro Area 18653.90 Sep/19 14277
France -4730.00 Oct/19 -5418
Germany 21508.00 Oct/19 21207
India -11010.00 Oct/19 -10860
Indonesia 161.30 Oct/19 -164
Italy 2779.30 Sep/19 2598
Japan 15.66 Oct/19 -128
Mexico -726.62 Oct/19 -116
Netherlands 5310.00 Sep/19 3807
Russia 12423.00 Oct/19 14148
Saudi Arabia 127500.00 Jun/19 131654
Singapore 3783.84 Oct/19 3832
South Africa 3092.84 Oct/19 4533
South Korea 3370.00 Nov/19 5393
Spain -4262520.00 Sep/19 -3984934
Switzerland 2389.21 Oct/19 3046
Turkey -1808.39 Oct/19 -2070
United Kingdom -5188.00 Oct/19 -1922
United States -47199.00 Oct/19 -51100