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. This page provides - Syria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Balance of Trade in Syria is expected to be -1887056.00 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 -1887669.00 SYP Million in 2020, according to our econometric models.

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Syria Balance of Trade

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

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.