Economy, Domestic Economy

Iran's Trade With Oman Rises 126%

Trade With Oman Rises 126%
Trade With Oman Rises 126%

Iran traded 1.36 million tons of non-oil commodities worth $659.80 million with Oman during the first five months of the current fiscal year (March 21-Aug. 22). This registers a 53.71% and 126.6% growth in tonnage and value respectively compared with last year’s corresponding period, latest data released by the Islamic Republic of Iran Customs Administration show. Iran’s exports to Oman stood at 1.08 million tons worth $393.10 million, up 28.81% and 72.84% in tonnage and value respectively year-on-year.  Oman was Iran’s 10th major export destination during the period. Iran mainly exported natural gas, hydrocarbons and steel to Oman during the five-month period. Oman exported 281,053 tons of goods worth $266.70 million to Iran, up 512.82% and 318.47% in tonnage and value respectively YOY. Oman was the 14th major exporter of goods to Iran over the five months. The imports mainly included vehicles, dietary supplements and field corn.


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