Iran, Oman trade turnover increases

Finance Materials 23 August 2022 14:46
Baku, Azerbaijan Trend News Agency
Iran, Oman trade turnover increases

Iran and Oman's trade has increased during the first four months of the current Iranian year (started March 21, 2022), the chairman of Iran - Oman Joint Chamber of Commerce Mohsen Zarrabi told Trend.

Iran's export to Oman had a 134.5 percent increase in this period reaching $415 million while it has imported $232 million worth of commodities from Oman indicating 32 percent growth compared to the previous year, he noted.

The total trade volume between Iran and Oman was $647 million, he said adding that the trade balance between the two countries was $183 million which was more positive on Iran's part.

The official predicted Iran's export to Oman will reach $1.2 billion and trade would rise to more than $2 billion by the end of the current Iranian year.

Iran's total export to Oman was $713 million in the last Iranian year (started March 21, 2021) and total trade between the two countries was $1.3 billion.