Iran-Oman non-oil trade hits $390m in nine months

2018-02-05 20:57:19 | Posted By Shahram Jenab

Iran-Oman non-oil trade hits $390m in nine months

Non-oil trade between Iran and Oman during the nine months from March 21-December 21, 2017 reached 1.33 million tons and valued at $393 million, showing a 24-percent growth in weight, a senior official announced.

"More than 700,000 tons of steel worth close to $200 million were exported to Oman, which accounted for more than half of Iran's non-oil exports to Oman during the period," Iran's Commercial Attaché to Oman Abbas Abdolkhani was quoted as saying by Fars News Agency.

He noted that other commodities exported to Oman included bitumen, copper cathode, petrochemical products, food, fruit, vegetable and construction material.

Oman is Iran's 11th biggest export destination.

"A new shipping route was launched between Iran's Khorramshahr Port and Oman's Sohar Port on December 30. The route is expected to increase bilateral trade to $5 billion within the next four years," said the Chairman of Iran-Oman Chamber of Commerce Mohsen Zarrabi.

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 last June.