According to recent reports, the size of commercial exchange between the Sultanate of Oman and the Republic of India stood at OMR1.447 billion as at the end of third quarter of 2023. Meanwhile, the volume of Omani exports to India stood at OMR 699.218 million represented in oil, minerals, LNG, polyethylene, propylate, aluminum and urea.
On the other hand, the volume of Omani imports from India amounted to OMR 747.883 million represented in rice, motor fuel, natural gasoline, wheat, ignition control of vehicles and iron ore. They clearly show the close trade relations between the two nations. Cargo deployment between the two nations is growing even more steadily in the years to come.
The volume of investments from the India in the Sultanate of Oman by the end of June 2023 amounted to RO 378.4 million. These investments distributed in sectors of industry, construction, trade, transportation, communications, oil and gas, mining, quarrying, education, agriculture, fisheries, tourism and health. This comes close on the heels of Sultan Haitham bin Tarik visit to New Delhi for his maiden visit to India.