Name: Syria Balance of Trade
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Syria,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Syria recorded a trade deficit of 58.78 USD Million in 2019. source: SESRIC

Balance of Trade in Syria averaged -10090.96 USD Million from 1983 until 2019, reaching an all time high of 10463.80 USD Million in 2007 and a record low of -115678.10 USD Million in 1983. This page provides - Syria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Syria Balance of Trade - values, historical data and charts - was last updated on June of 2022.

Balance of Trade in Syria is expected to reach -1913799.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Syria Balance of Trade is projected to trend around -1913799.00 USD Million in 2022 and -1887669.00 USD Million in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Balance of Trade	-58.78	-49.24	USD Million	Dec 2019
Imports	6638.99	5326.28	USD Million	Dec 2019
Exports	6580.21	5277.04	USD Million	Dec 2019

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.