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Oman’s trade surplus jumps 37% to RO 3.4 billion

Oman’s trade balance recorded a surplus of RO 3.4 billion by the end of May 2026, rising 37.2 per cent from around RO 2.5 billion during the same period last year.

TAS News Service

info@thearabianstories.com

Saturday, August 15, 2026

Muscat: Oman’s total merchandise exports rose by 10.1 per cent to approximately RO 10.6 billion, compared with RO 9.6 billion at the end of May 2025.

Oil and gas exports increased by 8.4 per cent to RO 6.8 billion, up from RO 6.3 billion during the corresponding period last year.

Re-exports recorded the strongest growth, surging 64 per cent to RO 1 billion, compared with RO 623 million a year earlier. Non-oil exports also increased by 1.5 per cent to RO 2.74 billion, against RO 2.70 billion in the same period of 2025.

Meanwhile, merchandise imports rose marginally by 0.8 per cent to RO 7.22 billion, compared with RO 7.20 billion at the end of May last year.

Among Oman’s non-oil export markets, the United Arab Emirates ranked first with RO 645 million, followed by Saudi Arabia at RO 283 million and India at RO 280 million.

The UAE was also the leading destination for Omani re-exports, receiving goods worth RO 432.7 million. Pearls, precious and semi-precious stones, precious metals, jewellery and coins accounted for RO 271.4 million, while machinery, mechanical appliances and electrical equipment contributed RO 79.1 million.

Iran ranked second among re-export destinations with RO 172.8 million, led by food, beverages, tobacco and related products worth RO 83.5 million, followed by machinery and electrical equipment valued at RO 31.6 million.

Saudi Arabia came third with re-exports worth RO 164.6 million, dominated by vehicles, aircraft, ships and other transport equipment worth RO 148.4 million.

Re-exports to Hong Kong stood at RO 18.5 million, including RO 11 million worth of optical, photographic, measuring, medical and related instruments, and RO 6 million in precious stones, metals and jewellery.

Russia received re-exports worth RO 16.2 million, with antiques, collectors’ pieces and artworks accounting for RO 14.1 million and machinery and electrical equipment contributing RO 1.7 million.

On the import side, the UAE remained Oman’s largest supplier, with merchandise imports valued at RO 1.9 billion. China followed with RO 986 million, while Turkey ranked third with RO 550 million.

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