- overview
- strengths
- Bilateral Agreements
- bilateral trade
- agencies
- Indian Mission
Oil and gas has been a major enabler in bilateral relations
Training slots offered to Syria under ITEC doubled to 90
India has set up a center for biotechnology in Damascus
An MOU for cooperation in agriculture and allied sectors signed by the two nations
US$ 121.07mn
total bilateral trade during FY 2021-22
US$ 105.46mn
Exports to Syria in 2021-2022
150
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
Source: Department of Commerce
Dated: 22/02/2023
Values in US $ Millions
Country / Region: SYRIA
| S.No. | \Year | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 |
|---|---|---|---|---|---|---|
| 1. | EXPORT | 153.32 | 154.59 | 159.33 | 124.26 | 105.46 |
| 2. | %Growth | 0.83 | 3.07 | -22.01 | -15.13 | |
| 3. | India’s Total Export | 303,526.16 | 330,078.09 | 313,361.04 | 291,808.48 | 422,004.40 |
| 4. | %Growth | 8.75 | -5.06 | -6.88 | 44.62 | |
| 5. | %Share | 0.05 | 0.05 | 0.05 | 0.04 | 0.02 |
| 6. | IMPORT | 25.66 | 14.17 | 15.34 | 15.31 | 15.61 |
| 7. | %Growth | -44.78 | 8.25 | -0.22 | 1.98 | |
| 8. | India’s Total Import | 465,580.99 | 514,078.42 | 474,709.28 | 394,435.88 | 613,052.05 |
| 9. | %Growth | 10.42 | -7.66 | -16.91 | 55.43 | |
| 10. | %Share | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| 11. | TOTAL TRADE | 178.98 | 168.76 | 174.67 | 139.57 | 121.07 |
| 12. | %Growth | -5.71 | 3.51 | -20.10 | -13.25 | |
| 13. | India’s Total Trade | 769,107.15 | 844,156.51 | 788,070.32 | 686,244.36 | 1,035,056.45 |
| 14. | %Growth | 9.76 | -6.64 | -12.92 | 50.83 | |
| 15. | %Share | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| 16. | TRADE BALANCE | 127.65 | 140.42 | 143.99 | 108.96 | 89.85 |
| 17. | India’s Trade Balance | -162,054.83 | -184,000.33 | -161,348.24 | -102,627.40 | -191,047.65 |
Embassy of India, Damascus
hoc.damascusmea.gov.in
(+963) 11 334 7351, 334 7900
Address: 3455, Sharkassiyeh, Ibn, Al Haitham Street, Rumaneh, Damascus, Syria
