Business in Oman

Trade in Oman | Export and import opportunities


Getting to know Oman
Oman, with the official name of the Sultanate of Oman, is a kingdom in the Arabian Peninsula. This country is bordered by Iran, Saudi Arabia, UAE, Yemen, Persian Gulf and Oman Sea.
The area of ​​Oman is 309 thousand 500 km and its population is more than 5 million people. The largest city and capital of Oman is Muscat.
The economic and commercial relations between Iran and Oman have been good and appropriate for a long time, that's why in this article we will get to know how to do business with Oman.

Economy of Oman

Oman's economy is mostly based on the export of crude oil; For this reason, this country has adopted new approaches to reduce the dominance of crude oil on its economic assets.
Some of the important economic decisions of the Omani authorities to develop trade relations with other countries and create economic opportunities in Oman are:

  • Customs exemptions for importing factory equipment

  • Customs exemptions for the import of raw materials for factories

  • Providing financial facilities to foreign investors, including loans

  • Providing export credit insurance through export guarantees

  • Declaration of 100% ownership for foreign investors

  • Granting large loans with low interest


The best way to transport goods between Iran and Oman

Oman has a water border with Iran. Oman's location on the edge of the Persian Gulf, the Sea of ​​Oman and the Strait of Hormuz has doubled Oman's strategic importance for commercial, military and maritime purposes. For this reason, the best way to transport goods between Iran and Oman is by sea.
Especially since there is practically no possibility of rail and road transportation between Iran and Oman.

Important export items to Oman

Iran's southern neighbors are not very strong in terms of agricultural and industrial production, so they import many of the goods needed by the country from far and near countries.
Usually, the most important imported goods of these countries are equipment, parts and industrial machinery.
Familiarity with the import needs of Oman helps businessmen to decide on the selection of goods based on domestic production in Iran and take action for export.

The most important export items to Oman are:

  • Steel and iron products

  • Dairy products, meat and honey

  • Mechanical devices and industrial machinery

  • Electronic devices, including audio and video devices and their accessories

  • All kinds of precious stones and jewelry

  • Fossil fuels, coal, bitumen, asphalt and mineral products

  • types of floats; Boat, ship, barge

  • Handicrafts

  • Wood industry and furniture

  • All kinds of edible vegetables and potatoes

  • Fruits and citrus fruits, nuts, melons and watermelons

  • Tobacco

  • Seafood, fish, shellfish and other aquatic products

  • Ceramic products

  • rebar

  • Cement

Trading and exporting and importing goods is one of the important ways of generating income for merchants.
Learning how to trade with Oman requires, above all, familiarity with the trade rules between these two countries.
Getting to know the customs and clearance laws, getting to know the transportation networks and ports of the two countries, getting to know the import needs of Oman and getting to know the domestic production capabilities are among the issues that we must be aware of in order to enter the field of exporting to Oman.

Oman Trade will be by your side to pave the way to export or import goods from Oman. For consultation, just contact Oman Trade.

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