Saturday, July 11, 2026

Oman News

Oman trade surplus holds steady despite oil export dip

Oman’s trade balance remained firmly in surplus at the end of April 2026, recording RO 2.09 billion, supported by strong export activity, steady foreign trade flows and a sharp rise in re-exports.

TAS News Service

info@thearabianstories.com

Saturday, July 11, 2026

MUSCAT : Oman recorded a trade surplus of RO 2.09 billion by the end of April 2026, compared to RO 2.11 billion during the same period in 2025, according to preliminary statistics issued by the National Centre for Statistics and Information.

The total value of merchandise exports reached RO 7.6 billion during the first four months of 2026, while merchandise imports stood at RO 5.5 billion, helping the Sultanate maintain a surplus of more than RO 2 billion.

Oil and gas exports accounted for the largest share of Oman’s exports, reaching RO 4.7 billion by the end of April 2026. However, this marked a decline of 7.5 percent compared to RO 5.1 billion recorded during the same period last year.

Non-oil exports stood at RO 2.1 billion by the end of April 2026, compared to RO 2.2 billion during the same period in 2025. Meanwhile, re-exports witnessed strong growth, rising to RO 770 million from RO 462 million a year earlier, registering an increase of 66.8 percent.

The United Arab Emirates topped the list of destinations for Omani non-oil exports, with a value of RO 480 million, followed by Saudi Arabia at RO 233 million and India at RO 214 million. The United States and South Korea followed with RO 168 million and RO 160 million, respectively.

In re-export activity, the UAE also ranked first with RO 331 million, followed by Saudi Arabia at RO 140 million and Iran at RO 98 million.

On the import side, the UAE remained Oman’s leading source of merchandise imports, with a value of RO 1.5 billion. China followed with RO 801 million, while Turkey recorded RO 422 million. Imports from Saudi Arabia reached RO 413 million, while imports from India stood at RO 392 million.

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