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Oman’s import costs climb in Q1 2025, machinery and food drive price surge

The general import price index in Oman increased by 1.3% in the first quarter of 2025 compared to the same period last year, according to the latest data released by the National Centre for Statistics and Information (NCSI)

TAS News Service

info@thearabianstories.com

Saturday, July 12, 2025

Muscat: The data reveals that the biggest year-on-year increase was recorded in the oils, fats, and waxes category—both vegetable and animal—rising sharply by 16.8%. This was followed by a 5.6% increase in food and live animals, while prices in both the beverages and tobacco group and the machinery and transportation equipment group climbed by 2.7% each.

Conversely, the prices of mineral fuels, lubricants, and related materials fell by 7.1%, marking the largest year-on-year drop among all categories. Other notable declines were seen in miscellaneous manufactured goods (down 5%), chemicals and related materials (down 1.2%), manufactured goods classified mainly by material (down 1.1%), and non-edible raw materials excluding fuels (down 0.9%).

When compared to the fourth quarter of 2024, the import price index saw a sharper quarter-on-quarter rise of 9%. The machinery and transportation equipment group led this surge with a significant 30.4% jump, followed closely by mineral fuels and lubricants at 29.1%. Non-edible raw materials excluding fuel rose by 12.2%, and chemicals and related materials increased by 2.5%.

On the other hand, several categories recorded quarterly declines. Miscellaneous products saw the largest dip at 17.2%, followed by manufactured goods (down 3.9%), oils and fats (down 3.2%), food and live animals (down 1.1%), and beverages and tobacco (down 0.3%).

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