Official: Trade turnover between Iran and Oman to reach $1B
Baku, Azerbaijan, Oct. 28
By Elnur Baghishov – Trend:
Trade turnover between Iran and Oman is projected to reach $1 billion by the end of this year, Fars News Agency cited Mohsen Zarrabi, Iranian co-chairman of the Iran-Oman Chamber of Commerce, as saying.
He said that in 2013, the trade turnover between Iran and Oman reached $221 million. This figure reached $597 million in 2017.
Last year, $520 million in trade turnover between the two countries accounted for export of goods to Oman while $77 million accounted for import to Iran, Zarrabi said.
He added that the trade turnover between the two countries reached $763 million in the first half of the current year (starting March 21, 2017).
Compared to the same period of last year, trade turnover increased by 57 percent. The reason for the increase in trade turnover is the infrastructure, including direct shipment, issuance of visas at the airport and simplified registration of the companies in Oman.
Zarrabi said that $444 million accounted for export of goods from Iran to Oman in the first half of this year and $291 million in the same period of last year.
He said that $87 million accounted for export of goods from Oman to Iran in the first half of last year.
This figure has reached $318 million this year and shows a 264-percent-increase.