Exports to Oman up 126% in 2 months a year

0

TEHRAN – The value of Iranian exports to Oman increased by 126% in the first two months of the current Iranian calendar year (March 21 to May 21) compared to the same two months last year, reported the IRIB.

According to Iranian Commercial Attaché in Muscat Mehrdad Fallah, the Islamic Republic exported $203 million worth of non-oil products to Oman in the two months mentioned.

Total trade between the two countries in the first two months of this year also increased by 143 percent compared to the same period last year, Fallah said.

During the mentioned period, Oman was ranked seventh among Iran’s top export destinations after China, United Arab Emirates (UAE), Turkey, India and Afghanistan. The country was also the fifth among neighboring trading partners of Iran and the second destination market among the countries of the Persian Gulf Cooperation Council.

Major commodities exported to Oman during these two months include petroleum, bitumen, iron and steel ingots, urea, iron or steel rods, semi-finished iron products or steel, clinker, fish products, preserves and white cement.

Oman’s market share in Iran’s total exports is 2.4 percent, according to the official.

Referring to the characteristics of the Oman market and the friendly and strategic relations between the Islamic Republic of Iran and Oman and the great export opportunities to this country, Fallah stressed the need to use these opportunities to increase exports to Oman and also access third-party markets through that country.

Iran and Oman signed seven memorandums of understanding in late May to expand cooperation in various fields, including trade, plant quarantine, agriculture, sports, environment, labor and standards.

The MoUs were signed by Iran’s Minister of Industry, Mines and Trade, Reza Fatemi-Amin, and the head of Iran’s Trade Promotion Organization (TPO), Alireza Peyman-Pak, in sidelines of President Ebrahim Raisi’s visit to Muscat.

Leading a high-ranking delegation, including senior officials from various ministries and representatives of 30 major companies, Raisi traveled to Muscat on May 23.

During his stay in Oman, the Iranian President met with senior Omani officials, including the Sultan of Oman, Haitham bin Tariq.

EF/MA

Share.

About Author

Comments are closed.