On this page you will find beneficial information regarding foreign direct investment in / trading with Syria. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Republic under Authoritarian Presidential Rule
Population: 21.32 million (2021)
GDP: 11.08 billion USD (2020)
Corporate Tax Rate: 28% - 35%
Personal Income Tax Rate: 22%
Major Exports: Pure Olive Oil ($125M), Other Nuts ($65M), Tomatoes ($55M), Spice Seeds ($50.5M), and Calcium Phosphates ($35.6M), exporting mostly to Saudi Arabia ($313M), Turkey ($183M), Lebanon ($124M), Jordan ($69.6M), and Egypt ($54.1M).
Major Imports: Rolled Tobacco ($338M), Wheat Flours ($146M), Raw Sugar ($146M), Seed Oils ($140M), and Refined Petroleum ($138M), importing mostly from Turkey ($1.96B), China ($482M), United Arab Emirates ($461M), Egypt ($286M), and Jordan ($118M).