Iran-Oman Annual Trade Value Exceeds $1.8 Billion: IRICA

TEHRAN (Tasnim) – The value of trade exchanges between the Islamic Republic of Iran and the Sultanate of Oman in the previous Iranian calendar year (March 21, 2022 to March 20, 2023) exceeded $1.887 billion, according to the Islamic Republic of Iran Customs Administration (IRICA).

In this period, Iran exported $800,479 million worth of non-oil products to Oman, the report the IRICA said in a report.

Oil bitumen, iron and steel ingots were exported from Iran to Oman while Iran imported transgenic soybean and palm oil from Oman last year.

The value of trade exchanges between the two countries of Iran and Oman last year reached $1,887,698,000.

Earlier this month, a joint Business Forum between Iran and Oman was held at the venue of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) in a bid to boost trade between the two sides.

The forum aimed at consolidating bilateral business relations, conducting strategic partnerships to augment the volume of investments and business activity, and accessing new economic fields.

Several Business-to-Business (B2B) meetings were held during the forum between Omani and Iranian businesspeople.

The meetings targeted striking business and investment deals. Some 250 Iranian firms took part in the event.

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