Iran-Oman trade hits record high despite US sanctions
The increase in the volume of exports to Oman is due to the new Iranian administration's support for the private sector, according to the chairman of the Iran-Oman Joint Chamber of Commerce.
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Iran-Oman trade is growing
Statistics show that the volume of trade between Iran and Oman in the year 1400 in the Iranian calendar (March 21, 2021-2022) increased by 53% over the previous year, according to a report published by the Iran-Oman Joint Chamber of Commerce.
On his account, the chairman of the Iran-Oman Joint Chamber of Commerce Mohsen Zarrabi said that Iran's exports to Oman were $438 million in 1999, adding that Iran's exports to Oman increased to $716 million in 1400.
When the Iran-Oman Joint Chamber of Commerce was formed in 1992, exports to Oman totaled $ 148 million, with total trade between the two countries totaling only $ 221 million, Zarrabi noted.
The top official stressed that the increase in the volume of exports to Oman is due to the new Iranian administration's support for the private sector.
It is worth mentioning that bilateral trade with Oman is growing, despite harsh Western sanctions on Iran.
