Oman’s Trade Surplus Reaches RO 3.6 Billion by Mid-2024

Oman, 19 September, 2024 : Oman recorded a trade surplus of RO 3.658 billion by the end of June 2024, slightly down from RO 3.704 billion in the same period of 2023, according to the National Center for Statistics and Information.

Total merchandise exports rose by 6.7% to RO 11.67 billion, with oil and gas exports reaching RO 7.228 billion, up by 5.3%. Crude oil exports increased by 7.2%, while refined oil exports rose by 12.8%. However, liquefied natural gas exports fell by 5.7%.

Non-oil exports increased by 8.1% to RO 3.575 billion, driven by mineral products, which saw a 21.5% rise. Re-exports grew by 13.9% to RO 867 million, with transport equipment leading the gains.

Merchandise imports rose by 10.8%, reaching RO 8.12 billion. Mineral products were the largest import category, with a 22.5% increase.

The UAE remained Oman’s top trading partner in non-oil exports and re-exports, as well as the largest source of imports, valued at RO 1.902 billion.

Source : www.omannews.gov.om