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Oman News

Oman’s non-oil sectors grow despite trade surplus drop

Oman’s trade balance recorded a surplus of RO 3.088 billion by the end of June 2025, down 34.3% from RO 4.697 billion in the same period last year.

TAS News Service

info@thearabianstories.com

Saturday, September 13, 2025

Muscat: Preliminary data released by the National Centre for Statistics and Information (NCSI) showed that Oman’s total commodity exports declined 9.5% year-on-year, reaching RO 11.499 billion compared to RO 12.701 billion in 2024.

The decline was mainly attributed to a 16.1% fall in oil and gas exports, which slipped to RO 7.424 billion by June 2025 from RO 8.846 billion a year earlier. In contrast, non-oil commodity exports recorded a positive trend, rising 9.1% to RO 3.26 billion compared to RO 2.989 billion last year.

Re-exports dipped 5.9%, amounting to RO 815 million, while imports rose 5.1% to RO 8.411 billion, compared to RO 8.04 billion in the first half of 2024.

The UAE remained Oman’s top non-oil trading partner, with OMR 593 million worth of exports (up 29.8%), RO 348 million in re-exports, and OMR 1.984 billion in imports. Saudi Arabia followed with RO 538 million in non-oil imports from Oman, while India ranked third at RO 335 million.

On the re-exports front, Iran stood second with RO 129 million, while Saudi Arabia was third with RO 57 million. Among top exporters to Oman, China ranked second after the UAE, with RO 854 million, followed by Kuwait at RO 795 million.

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