Tuesday 02 / September / 2025
Muscat: The trade volume between the Sultanate of Oman and the Republic of Iraq reached OMR239.24 million during the first half of 2025, marking a 1.2% increase compared to the same period in 2024, which recorded OMR156.55 million.
According to statistics released by the National Centre for Statistics and Information, the value of Omani exports to Iraq in the first half of 2025 amounted to approximatelyOMR32.84 million, while Omani imports from Iraq totalled OMR206.39 million.
The statistics also indicated that the number of visitors from Iraq to Oman during the first seven months of 2025 reached 11,558.
The Ministry of Commerce, Industry and Investment Promotion reported that the number of Iraqi companies investing in Oman during the first half of 2025 stood at 1,304, with a total capital of approximately OMR94.3 million and an Iraqi contribution rate of 68.2%.
Key Omani exports to Iraq during the first half of 2025 included electrical cables, gold jewellery, and marble, while natural gas, petroleum gas, and propane gas mixtures topped imports from Iraq.
The two countries are linked by several agreements, most notably the Economic and Trade Cooperation Agreement, the Air Services Agreement, and an agreement to establish free trade zone between both countries.
Faisal Abdullah Al Rowas, Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry, stated that the visit of Mohammed Shia' Al Sudani, Prime Minister of the Republic of Iraq, to the Sultanate of Oman reflects the depth of relations and cooperation between the two countries in various fields, particularly the economic sector. It also signals both nations' aspirations to expand economic cooperation and integration, enhancing the role of the private sectors in both countries in strengthening partnerships.
In a statement to Oman News Agency (ONA), he added that the visit represents a significant opportunity to maximize economic and trade relations between the two countries, especially as the private sectors in Oman and Iraq have broad prospects for cooperation and partnership in diverse fields, including energy, mining, petrochemicals, trade, transportation, logistics, tourism, food industries, and agriculture.
He noted that the Republic of Iraq represents an attractive investment destination, with its "Development Road" project offering numerous integration opportunities. He expressed hope for Omani companies to participate in this vital project, which involves international logistics connectivity linking the Gulf to Europe and provides significant opportunities for Omani firms specializing in transportation and logistics.
Al Rowas affirmed that Oman Chamber of Commerce and Industry is committed to building effective communication bridges between the business communities of both countries and encouraging joint investments and knowledge exchange to diversify income sources and create new job opportunities. He emphasised that enhancing cooperation between private sector institutions in both countries will serve as a catalyst for bilateral relations and strengthen historical and fraternal ties.
