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Iran’s exports to Oman up by nearly 50% in four months to late July

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
Iranian trade body figures show exports to Oman rose by nearly a half in the four months to late July.

Figures by Iran’s Trade Promotion Organization (TPO) shows exports from the country to Oman rose by nearly a half in the four months to July 22 compared to the similar period in 2020.

A TPO report on Monday said that Iranian exports to Oman had reached $176.7 million in value terms in the first four months of the current calendar year, up 49% against the four months to late July last year.

Exports to Oman reached to $52 million in July, up 92% compared to July 2020, showed the report.

The report cited figures provided by Mehrdad Fallah who serves as the trade attaché in the Iranian embassy Oman.

Fallah said that Iran had shipped 665,000 metric tons of goods to Oman over the four months to July, up 31 percent against similar period in 2020.

He said Oman remains Iran’s second top trade partner in the Persian Gulf where a bulk of Iranian exports goes to the United Arab Emirates.

Main goods exported to Oman from Iran between March and July included bitumen, steel, raw iron, urea, fruits, vegetables and white cement, said Fallah.

He said that the value of mutual trade between Iran and Oman had increased by a third in the four months to July 22 this year compared to 2020, showed TPO figures.

Iran has sought to expand its trade relations with neighboring and nearby countries in recent years as the country seeks to offset losses suffered in crude exports revenues because of US sanctions.

Government figures show non-exports revenues have surged over the past three years despite US bans on banking and trade relations between Iran and other countries.


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