During the five-year period from 2008-09 to 2012-13, India-Oman
bilateral trade increased by 129 percent as per the data released by
Ministry of External affairs of India. India has been a major exporter
to Oman and emerged as the fourth largest source of imports into Oman
after Japan, USA and Saudi Arabia in 2012.The balance of trade is in
India’s favour due to increase in export of mineral fuels, mineral oils
and products of their distillation.
Besides traditional items from India like tea, coffee, spices, rice
and meat products and seafood are among other commodities in great
demand in Oman. India imports urea, Liquefied Natural Gas through spot
purchase, polypropylene, lubricating oil, dates and chromites ore from
Oman.
In terms of FDI inflows from the GCC Countries, Oman is the second
biggest investor in India having put in investments worth 340 million US
dollars in the country.
More than 7.18 lakh expatriate Indians are living in Oman in various sectors contributing a lot towards strong India-Oman ties.
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