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Oman records 9% growth in non-oil exports

The Sultanate of Oman recorded a trade surplus of RO 1.849 billion by the end of April 2025, marking a 40.4 percent decline compared to the RO 3.1 billion surplus registered during the same period in 2024

TAS News Service

info@thearabianstories.com

Sunday, July 6, 2025

MUSCAT – Preliminary statistics issued by the National Centre for Statistics and Information showed a 9.3 percent decline in the total value of commodity exports, reaching RO 7.516 billion by the end of April 2025, compared to the same period in 2024, which amounted to RO 8.289 billion.

This decline is primarily attributed to a 15 percent drop in Oman’s oil and gas exports, reaching RO 4.872 billion by the end of April 2025, compared to RO 5.730 billion in the same period in 2024.
Oman’s crude oil exports decreased by 16.2 percent to RO 2.911 billion by the end of April 2025, compared to RO 3.472 billion during the same period in 2024.

Liquefied natural gas exports also declined by 15.3 percent, reaching RO 752 million by the end of April 2025, compared to RO 887 million during the same period last year.
Refined oil exports decreased by 11.8 percent, recording RO 1.209 billion by the end of April 2025, compared to RO 1.371 billion by the end of April 2024.
In contrast, non-oil commodity exports rose by 9 percent, reaching RO 2.183 billion, up from RO 2.02 billion in the same period last year.

Live animals and animal products topped the list of exports in terms of value, recording a 9.7 percent growth – RO 133 million, compared to RO 121 million at the end of April 2024.
Chemical and related industries products came in second, rising by 6.3 percent to RO 268 million, compared to RO 252 million in the same period last year.
Ordinary metal products and their manufactures also recorded a 5.5 percent increase, reaching RO 471 million, while exports of mineral products rose by 2.7 percent to RO 589 million.

Exports of plastic and rubber products witnessed a slight increase of 0.6 percent, recording RO 312 million, compared to RO 311 million in the same period last year. Other products showed significant growth of 37.1 percent, reaching RO 410 million compared to RO 299 million by the end of April 2024.
Oman’s re-exports fell by 17.1 percent to RO 462 million, with notable declines across several sectors: mineral products (by 55.5 percent to RO 23 million), transport equipment (by 40.9 percent), metals and gemstones (19.8 percent), and machinery and electronics (3.5 percent)
One exception was food, beverage, and liquids, which saw a 24.2 percent increase, reaching RO 60 million.
The total value of commodity imports to Oman grew by 9.2 percent, reaching RO 5.667 billion compared to RO 5.189 billion during the same period last year. Leading import categories included mineral products reached RO 1.521 billion (up 1.9 percent), electrical machinery and electronics – RO 975 million (up 16.5 percent), transport equipment – RO 562 million (up 21.3 percent), chemical products – RO 544 million (up 12 percent), metal products – RO 539 million (up 8.9 percent), and other products – RO 1.526 billion.
The United Arab Emirates remained Oman’s top trading partner, with exports reaching RO 390 million, a 24.9 percent increase over the end of April 2024. It also ranked first in re-exports from Oman, with a value of RO 171 million, and imports reaching RO 1.283 billion.

Saudi Arabia ranked second in non-oil exports with RO 362 million, followed by India at RO 227 million. In terms of re-exports, Iran came second with RO 81 million, and Saudi Arabia third with RO 32 million.
On the import side, Kuwait was Oman’s second-largest source with RO 623 million, followed by China at RO 568 million.

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