Import and Export in Syria

Syria is a country in the middle range of economic growth and prosperity. Oil and agriculture were the backbone of Syrian exports for many years. The government began to see a need to diversify as production of oil began to level off. Recent agreements have been reached by the government in the petroleum sector which may allow some increase in production in the near future due to technology.

Agriculture is o­ne of the cornerstones of the Syrian economy. It provides nearly a quarter of the national income while employing almost a third of workers across the country. The government currently sees the agricultural sector as o­ne of vital importance for achieving food self-sufficiency and increase earnings from export.

Another major cornerstone of Syrian economy falls into the industrial sector. A large percentage of imports have been raw materials and equipment for the agricultural and industrial sector. Approximately a third of the gross domestic product and labor force of Syria is employed throughout the industrial sector. It has benefited in recent decades from opening of regulations allowing private financing and investment. For many years much of this sector was under state control.

Recent focus has fallen o­n expanding the natural gas production of the country. Oil reserves are o­n the decline and a switch from oil powered plants to natural gas could mean stretching Syrian oil reserves much longer. With consumption o­n the rise, it is reasonable to see Syria as an oil importer in the future.

One of the final, major points of the Syrian industry comes in traditional means. Syrian craftsmen still produce fine furniture and clothing. Dried fruit packing is as popular as a business as it has ever been. Regardless of the industry, Syria is a country long involved in trade and commerce. Its advantageous location o­n major East-West trade routes have ensured the Syrian people have a shrewd understanding of business.