MUSCAT : According to preliminary statistics from the National Centre for Statistics and Information, the value of commodity exports reached RO 11.670 billion, marking a 6.7 percent increase compared to RO 10.934 billion in June 2023. Conversely, the value of imports rose to RO 8.012 billion, a 10.8 percent increase from RO 7.230 billion the previous year.

The growth in exports is largely attributed to an increase in oil and gas exports, which totaled RO 7.228 billion, up 5.3 percent from RO 6.866 billion in June 2023.

Crude oil exports reached RO 5.134 billion, an increase of 7.2 percent, while refined oil exports grew by 12.8 percent to RO 842 million. However, liquefied natural gas exports saw a decline, totaling RO 1.252 billion, down 5.7 percent.

Non-oil commodity exports also experienced growth, rising by 8.1 percent to RO 3.575 billion compared to RO 3.307 billion in the previous year. Mineral products led the non-oil sector with exports valued at RO 1.304 billion, a significant increase of 21.5 percent, followed by ordinary metal products at RO 671 million and chemical industry products at RO 521 million.

Re-exports from Oman increased to RO 867 million, reflecting a 13.9 percent rise. Key sectors included transport equipment and machinery, while imports predominantly consisted of metal products, totaling RO 2.338 billion, an increase of 22.5 percent.

The United Arab Emirates emerged as the top trading partner for Oman in non-oil exports, valued at RO 457 million, representing an 8.9 percent increase. The UAE also led in re-exports from Oman, with a value of RO 338 million, and in imports to Oman, totaling RO 1.902 billion.

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