Omani Non-Oil Exports Contribute to Economic Diversification and Growth

Oman, 3 February , 2025 : Omani non-oil exports are playing a key role in diversifying the Sultanate’s economy and reducing reliance on oil revenues. These exports stimulate growth in various sectors, create job opportunities, and enhance the global competitiveness of Omani products.

In the first half of 2024, non-oil exports accounted for 33% of total Omani exports, reaching RO 3.575 billion, up by over 8% from the previous year. Mineral products led the growth, increasing by 21.5% to RO 1.304 billion, followed by metal products and plastic and rubber products, which saw growth of 7.3% and 11.5%, respectively.

Oman aims to expand its presence in global markets, focusing on regions such as the Gulf, East Asia, India, Africa, the U.S., Europe, and China.

Ibtisam Ahmed Al Farooji, Undersecretary of the Ministry of Commerce, Industry, and Investment Promotion, emphasized the importance of non-oil exports for achieving economic diversification. Lubna Mohammed Al Harthy, Head of the Export Development Department, highlighted the ministry's efforts to promote Omani products internationally and explore new markets through regional and global trade agreements.