India Oman Trade Relations 2025: Imports-Exports And Bilateral Growth
India and Oman have developed their economic ties even further, strengthening India Oman trade relations, and Oman is now one of India’s top 30 trading partners. This is the result of economic cooperation and India’s demand for energy as well as the growth of other sectors. The growth in the volume of commerce is due to the Oman and India trade partnership, reflecting strong India Oman trade relations, the rising demand for goods from each other, and improvements in trade relationships. In the fiscal year 2024–2025, Oman is projected to remain one of India’s key trading partners. The proposed India–Oman CEPA, also known as the Oman–India FTA, is intended to further enhance India Oman trade relations by improving trade flows and overall economic cooperation between the two countries.
India–Oman Bilateral Trade Overview
India-Oman trade relations have developed steadily over the last eight years, reflecting the growing economic relationship between the two countries. India’s trade with Oman has more than doubled in just five years, growing from US$ 6.70 billion in 2017-18 to US$ 10.61 billion in 2024-25. This trade growth has been fuelled by India’s export of energy, manufactured goods and logistics and Oman’s export of services in the non-oil, oil and gas, and logistics sectors.
This trend has contiuned in the financial year as well. Trade relations between the two countries reached USD 5.45 billion between April and September 2025-26. Oman continues to be one of the key countries that India trades with in the Gulf Region. Simultaneously, India remains one of Oman’s largest and most trusted trade partners in Asia.
What does India export to Oman?
Key Indian export items include:
- Mineral fuels and refined petroleum products
- Machinery and mechanical appliances
- Electrical equipment
- Iron and steel products
- Food items such as rice, meat, and spices
- Chemicals and pharmaceuticals
- Automobiles and auto components
These exports highlight India’s strength in manufacturing and value-added goods within the India–Oman trade framework.
Oman Exports to India
Oman exports to India are largely energy-driven, positioning Oman as a crucial supplier for India’s expanding industrial base and rising energy requirements. The trade relationship is supported by long-term supply arrangements and Oman’s strategic location near major global shipping routes. Key Omani exports such as crude oil, refined petroleum products, natural gas, and fertilizers play a vital role in meeting India’s energy security and industrial demand.
In 2024–25, India imported USD 6.5 billion worth of goods from Oman, accounting for 0.91% of India’s total imports during the year. This steady level of imports highlights Oman’s importance as a reliable trade partner and underscores the strong role of energy commodities in shaping India–Oman bilateral trade relations.
What does Oman export to India?
Major Omani exports include:
- Crude oil and petroleum products
- Natural gas and LNG
- Fertilizers
- Chemicals
- Metals and mineral products
These commodities play a vital role in supporting India’s energy security and industrial production.
India Imports from Oman
India imports from Oman have remained robust over the years, supported by long-term energy supply agreements and Oman’s strategic position as a key logistics and transshipment hub in the Gulf region. Energy commodities such as crude oil, petroleum products, and natural gas continue to dominate India’s import basket from Oman, ensuring a stable supply for India’s industrial and power sectors. At the same time, non-oil imports, including chemicals, metals, and fertilizers, are gradually increasing as bilateral trade becomes more diversified.
This steady and reliable flow of imports underscores Oman’s significance as a trusted and strategically important trade partner for India, contributing to energy security, supply-chain stability, and long-term economic cooperation between the two countries.
India–Oman CEPA / Oman India FTA: What to Expect
The proposed India-Oman CEPA, often referred to as the Oman India FTA, is expected to further boost trade volumes by:
- Reducing tariffs on key goods
- Improving market access for services
- Encouraging bilateral investments
- Strengthening supply chain cooperation
Once finalized, the agreement could significantly enhance India–Oman bilateral trade, particularly in sectors like manufacturing, logistics, IT services, renewable energy, and pharmaceuticals.
Strategic Importance of India–Oman Trade
Beyond trade figures, India and Oman share a strategic partnership rooted in:
- Maritime cooperation in the Indian Ocean
- Energy security
- Investment in ports and logistics
- Defense and strategic dialogue
Oman’s location near the Strait of Hormuz makes it a crucial partner for India’s regional trade and energy interests.
Future Outlook for India–Oman Trade Relations
With trade already crossing USD 10.61 billion in 2024–25 and strong performance in 2025–26, the future of India–Oman trade relations looks promising. The expected conclusion of the India-Oman CEPA could unlock new opportunities, diversify trade baskets, and push bilateral trade to new highs.
As both nations focus on economic diversification and regional stability, India–Oman bilateral trade is set to remain a key pillar of their long-term partnership.