• overview
  • strengths
  • Bilateral Agreements
  • bilateral trade
  • agencies
  • Indian Mission

US$ 174mn
total bilateral trade during FY 2020-21

US$ 139.57mn

Exports to Syria in 2019-2020

94
Overseas Indians currently in Syria

Economy

Syrian economy is recovering and about 20,000 industrial facilities have begun work again

Workforce

Syria has a highly skilled workforce in traditional industries such as tourism, textiles and clothing manufacture

Oil & Gas

India has two significant investments in Syria in the oil sector with ONGC involved in E&P activities

IT partnership

India-Syria Centre of Excellence in IT has been set up at Damascus with the assistance from Government of India

US$25m

Line of Credit (LOC) extended by India for the rehabilitation and modernization of the Hama Iron & Steel Plant

India's Exports and Imports to Syria

Values in US$ Million

S.No. \Year 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
1 EXPORT 187.89 136.83 121.74 153.32 154.59
2 %Growth -27.17 -11.03 25.94 0.83
3 India’s Total Export 310,338.48 262,291.09 275,852.43 303,526.16 330,078.09
4 %Growth -15.48 5.17 10.03 8.75
5 %Share 0.06 0.05 0.04 0.05 0.05
6 IMPORT 28.34 40.54 32.25 25.66 14.17
7 %Growth 43.04 -20.46 -20.41 -44.78
8 India’s Total Import 448,033.41 381,007.76 384,357.03 465,580.99 514,078.42
9 %Growth -14.96 0.88 21.13 10.42
10 %Share 0.01 0.01 0.01 0.01 0
11 TOTAL TRADE 216.23 177.37 153.99 178.98 168.76
12 %Growth -17.97 -13.19 16.23 -5.71
13 India’s Total Trade 758,371.89 643,298.84 660,209.46 769,107.15 844,156.51
14 %Growth -15.17 2.63 16.49 9.76
15 %Share 0.03 0.03 0.02 0.02 0.02
16 TRADE BALANCE 159.55 96.29 89.49 127.65 140.42
17 India’s Trade Balance -137,694.93 -118,716.67 -108,504.60 -162,054.83 -184,000.33

Ministry of Economy and Foreign Trade

(+963) 224 5362

Visit Website

Bawabet el Salheya, Damascus

Embassy of India, Damascus

hoc.damascusmea.gov.in

(+963) 11 334 7351, 334 7900

Visit Website

Address: 3455, Sharkassiyeh, Ibn, Al Haitham Street, Rumaneh, Damascus, Syria

Commercial Representative

(+963) 11 3347 351, 3347 900

Visit Website

Opportunities

Agricultural exports

    Meat of bovine animals, frozen, boneless (020230)

    agriexchange.apeda.gov.in

    Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)

    agriexchange.apeda.gov.in

    Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)

    agriexchange.apeda.gov.in

    Bananas, incl. plantains, fresh/dried (080300)
    Cane sugar, raw, in solid form, not cont. added flavouring/colouring matter … (170111)
    Vegetable seeds, of a kind used for sowing (120991)

    agriexchange.apeda.gov.in

    Husked (brown) rice (100620)

    agriexchange.apeda.gov.in
Minerals

    Reserve: 277.2 tonnes

    Reserve: 13820 tonnes (Ores for Cement Industries – lime & basalt)

    Reserve: Bailona Clay – 165 tonnes, Kawlinitiea Clay – 165.7 tonnes, Laterite Clay – 328 tonnes

    portal.egov.sy

    Production: 1,100,000 tonnes

    portal.egov.sybgs.ac.uk

    Production: 16029 tons (ore)
    Reserve: 38,902.4 tonnes

    portal.egov.sy

    Reserve: Iron Ore – 117.5 tonnes

    Reserve: Lime & Basalt-13,820 tonnes (ores for cement industries)

    Production: 24,757 tons

    Production: 3,620 million cubic meters

    portal.egov.syusgs.govoec.world

    Production: 364,032 tonnes
    Reserve: 5,486.72 tonnes

    portal.egov.sywmc.org.ploec.world

    Production: 10,000 tons
    Reserve: 200001.4  million tons

    Reserve:Rock Salt  -1,812 million tons

    portal.egov.sywmc.org.pl

    Production: Sand Stone – 6,390 tons

    Production: 132,470 tons

    Reserve: 1,963 tonnes

priority sectors

Here are the leading sectors of opportunities for foreign investors

Top Import/ Export Items

India's top import from Syria
  • Petroleum
  • Industrial machinery
  • Leather
  • Pearls and precious stones
India's top export to Syria
  • Petroleum products
  • Transport equipment and machinery
  • Rice and meat
  • Pharmaceuticals
  • Yarns and Textiles
  • Chemicals

Bilateral Investors

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