Bilateral trade between Oman and Iraq rose to 239.2 million Omani rials ($622 million) in the first half of 2025, marking a 1.2% increase from the same period last year, according to the National Center for Statistics and Information. Omani exports to Iraq reached 32.8 million rials, while imports from Iraq totaled 206.4 million rials, highlighting a continued trade imbalance favoring Iraqi goods.
The growth reflects deepening economic ties between Muscat and Baghdad, driven by collaborative agreements on trade, transportation, and investment. Faisal Al-Rawas, chairman of the Oman Chamber of Commerce and Industry, said Iraqi Prime Minister Mohammed Shia Al-Sudani’s recent visit to Oman underscores the strength of bilateral relations and the commitment to expand private sector cooperation.
People-to-people exchanges and investment flows also increased, with 11,558 Iraqi visitors traveling to Oman in the first seven months of 2025 and 1,304 Iraqi companies investing in Oman with a combined capital of 94.3 million rials, accounting for 68.2% of total foreign investment in the country. Key exports from Oman included electrical cables, gold jewelry, and marble, while imports from Iraq were dominated by natural gas, petroleum derivatives, and liquefied propane.
Al-Rawas highlighted Oman’s strategic location and infrastructure as key enablers for Iraqi products to reach markets in Asia and Africa. He also pointed to Iraq’s “Development Road” project as an opportunity for Omani companies, particularly in transport and logistics, to strengthen trade, create jobs, and reinforce historic ties between the two nations.
