Other BriefingsOman – Indonesia Bilateral Trade Up
A delegation from the Oman Chamber of Commerce and Industry (OCCI) have been attending the 38th Indonesian International Trade Fair (Trade Expo 38), which is organized by the General Directorate of National Export Development of the Ministry of Commerce in Indonesia.
Trade exchange between Oman and Indonesia has witnessed steady growth in recent years, as the volume of trade exchange between the two countries reached Omani Rial 187.704 million (US$488 million) in 2022.
Oman’s exports to Indonesia reached a value of Omani Rials 32.1 million (US$81 million) , while imports from Indonesia totalled Omani Rial 155.6 million (US$404 million).
Oman imports palm oils, four-wheel drive cars of between 1,500-3,000 cc, private tourist cars, fats, hydrogenated vegetable oils, and smart screens, while the Sultanate of Oman exports to Indonesia a number of commodities, most notably methanol, raw aluminium, gypsum, polypropylene, iron, leather, flour, fish products, crustaceans, molluscs, and fish and bird food.
Indonesia is one the world’s largest Muslim consumer markets and has Free Trade Agreements with its ASEAN Muslim partners including Malaysia. It is also a member of the RCEP Free Trade Bloc which also includes Australia, New Zealand, China, Japan and South Korea.
Oman is a member of the Greater Arab Free Trade Area which also includes Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Palestine, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, the UAE and Yemen.
About Us
Dezan Shira & Associates assist foreign investors throughout Asia and have three offices in Indonesia. We provide market intelligence, legal, tax advisory and related trade and investment professional services. We also have a partner firm in Oman. For assistance with either of these markets please contact asia@dezshira.com or refer to our 2023 guides below.
Related Reading
- Indonesia’s Omnibus Law and New Investment List: New Opportunities for Foreign Investors
An Introduction to Doing Business in Indonesia 2023
The Middle East Foreign Investment Trends with Focus on the UAE
About Us
Middle East Briefing is one of five regional publications under the Asia Briefing brand. It is supported by Dezan Shira & Associates, a pan-Asia, multi-disciplinary professional services firm that assists foreign investors throughout Asia, including through offices in Dubai (UAE), China, India, Vietnam, Singapore, Indonesia, Italy, Germany, and USA. We also have partner firms in Malaysia, Bangladesh, the Philippines, Thailand, and Australia.
For support with establishing a business in the Middle East, or for assistance in analyzing and entering markets elsewhere in Asia, please contact us at dubai@dezshira.com or visit us at www.dezshira.com. To subscribe for content products from the Middle East Briefing, please click here.
