Iran-Oman non-oil trade tops $390m in 9 months
Tehran (ISNA) - Non-oil trade
between Iran and Oman during the first nine months of the current Iranian year
(March 21-Dec. 21, 2017) amounted to more than 1.33 million tons worth $393
million, registering a 24% rise in weight but a 12% fall in value, Iran’s
commercial attaché to the neighboring country announced.
“More than 700,000 tons of iron and
steel worth close to $200 million were exported to Oman, which accounted for
more than half of Iran’s non-oil exports to Oman over the period,” Abbas
Abdolkhani said.
Other commodities exported to Oman
included tar, copper cathode, petrochemical products, food, fruit, vegetable
and construction material.
Oman is Iran’s 11th biggest export
destination, Financial Tribune reported.
“A new shipping route was launched
between Iran’s Khorramshahr Port and Oman’s Sohar Port on Dec. 30. The route is
expected to increase bilateral trade to $5 billion in the next four years,”
chairman of Iran-Oman Chamber of Commerce Mohsen Zarrabi said.
“Trade between the two countries
rose from $148 million in the fiscal 2013-14 to $540 million last year [March
2016-17].”
The official noted that the opening
of two other shipping routes, namely Chabahar-Sohar and Bushehr-Sohar, is also
on the agenda of the joint chamber.
Sohar Port is a deep-sea port
located in Sohar, the capital and largest city of Al Batinah North Governorate
midway between Dubai and Muscat.
Iran exported its first wheat
consignment of 29,630 tons to Oman in June.
Oman recorded a surplus of OMR1.403
billion ($3.65 billion) in international trade at the end of September 2017,
compared with OMR944.3 million during the same period of 2016.
The total value of exports from the
sultanate by the end of September 2017 was OMR9.143 billion, an increase of
21.8% compared with the same period in 2016, where the total commodity exports
was OMR7.505 billion.
The import of goods increased by 18%
to reach OMR7.740 billion, compared with OMR6.560 billion during the same
period in 2016.
End Item
author: D-Ezatiyan - Date: 2/1/2018