Trade between Iran and Oman reached $1.35 billion in the first 10 months of 2025, up 24 percent from a year earlier, with Iranian exports accounting for $500 million of the total, Oman’s National Centre for Statistics and Information said.The data showed that bilateral trade rose from $1.09 billion in the January–October period of 2024, reflecting stronger commercial ties between the two neighbors.According to the report, Iran ranked as the second-largest destination for Omani re-exports during the 10-month period, after the United Arab Emirates.Re-exports from Oman to Iran totaled $843 million, marking a five percent increase year on year and accounting for 21 percent of Oman’s total re-exports.Britain ranked third among destinations for Omani re-exports over the same period, the data showed.Re-exports from Oman to Iran surged sharply in October, rising more than fourfold from $60 million in September to $260 million, highlighting volatility in monthly trade flows. By contrast, Oman’s direct exports to Iran during the 10 months were limited, totaling just $7.0 million.The statistics also showed that Iran ranked 14th among Oman’s suppliers in the January–October period, exporting $500 million worth of goods to the sultanate. Iranian exports to Oman exceeded shipments from several major economies, including Germany, Italy, South Korea, Egypt, Russia, France, Sweden and Australia.The figures underscore the growing role of re-export activity in bilateral trade, as well as Iran’s position as a significant supplier to the Omani market despite ongoing regional and global trade constraints.Iran and Oman have agreed to accelerate the implementation of their preferential trade agreement and expand industrial cooperation through a newly formed bilateral industrial committee, according to Iran’s Trade Promotion Organization (TPO) reported on November 4.During a visit to Muscat, Mohammad-Ali Dehqan Dehnavi, head of the TPO and deputy minister of industry, mining and trade, met with Qais bin Mohammed al-Yousef, Oman’s minister of commerce, industry and investment promotion, the report said.The two sides underlined the need to speed up the trade pact’s execution, organize a joint economic commission, and hold a business forum in Tehran to introduce investment opportunities in Oman.According to Abdolamir Rabihavi, TPO’s director-general for West Asia, both countries also discussed drafting and finalizing the industrial committee memorandum of understanding (MOU), which was signed by deputy ministers from Iran and Oman.Dehnavi also held talks with Saleh bin Saeed Masan, Oman’s deputy minister of commerce and co-chair of the Iran–Oman Joint Economic Committee, as well as with the chairman of Oman Chamber of Commerce and Industry. The meetings focused on boosting bilateral trade, facilitating the upcoming joint committee meeting in Tehran later this year, and strengthening private-sector cooperation.The visit also included tours of Oman’s Sohar Free Zone, Khazaen Industrial City, Madayn industrial estates, and the Oman Investment Authority, aimed at exploring new areas of collaboration in industry, customs, and free trade zones.The National Center for Statistics and Information of Oman has announced that the value of the country's trade with Iran in the first seven months of the current year was $865 million dollars, of which over $390 million consisted of Iranian exports to Oman. (ICE TEHERAN)

Fonte notizia: Tehran Times