Domestic Economy

Iran-Oman Trade at 20-Year High

Iran-Oman Trade at 20-Year High
Iran-Oman Trade at 20-Year High

Trade between Iran and Oman exceeded $1.33 billion in the last Iranian year (March 2021-22), showing a 53% rise compared with the year before. “The figure marks a 20-year record high,” according to chairman of Iran-Oman Chamber of Commerce.
“Iran’s exports to its southern neighbor reached $716 million, registering a 64% year-on-year growth,” Mohsen Zarrabi was also quoted as saying by the news portal of Iran Chamber of Commerce, Industries, Mines and Agriculture.
The official noted that the two countries’ joint chamber was founded in the fiscal 2013-14, adding that annual bilateral trade at the time was only $221 million.
Two new flights per week will be operated between Iran and the Sultanate of Oman via Iranian airline Pars Air from May 4, 2022, Times of Oman reported.
Oman’s Civil Aviation Authority said in a statement: “The authority issued its approval for Iranian Pars Air to operate two weekly flights from Shiraz to Muscat International Airport, starting from May 4, 2022.”

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