Saturday, August 13, 2022

Iran-Oman trade sets new record high of roughly $1.34bn

The volume of trade between Iran and Oman has registered a record high of $1.336 billion for the year ending March, 2022.

Figures pertaining to Iran-Oman trade in the one-year period shows a 53-percent rise year on year, according to the Iran-Oman Joint Chamber of Commerce on Thursday.

Iran’s exports to Oman stood at $438million in the year to March 2021, but the figure rose to $716 million two years later, said the Iranian co-chair of the chamber of commerce.

“That means a 63-percent growth in Iran’s exports to Oman compared to the previous year,” he added.

The official underlines that the upswing in Tehran-Muscat trade was due to increasing support for the private sector.

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