Iran’s trade with Oman is expected to maintain its positive momentum through the remainder of the Iranian calendar year despite structural challenges, potentially setting a new record by March 2026, the head of the Iran-Oman Joint Chamber of Commerce said.
Jamal Razaghi Jahromi told the official website of Iran Chamber of Commerce that bilateral trade grew 11% in the first five months of the current calendar year compared with the same period a year earlier, driven largely by a 16% increase in Iranian exports to the Persian Gulf country.
He said Iran’s non-oil exports to Oman reached $780 million during the period, while imports stood at $373 million, bringing the total to $1.153 billion. In the first five months of the previous year, exports were $675 million and imports $363 million, for total trade of $1.038 billion.
Razaghi attributed the expansion to improvements in logistics infrastructure – including development of the ports of Chabahar, Sohar and Duqm and more shared shipping routes – which have cut transport costs and facilitated exports. He also pointed to more diverse Iranian shipments, notably petrochemicals, steel, cement, food products and fresh produce.
He said total trade between the two countries is expected to surpass $2.5 billion by the end of the Iranian year in March 2026, marking a notable increase from last year.