Oman’s
Trade Balance Surplus Exceeds RO 2.4 Billion

Muscat,
29 Jul (ONA) — The Sultanate of Oman’s trade balance recorded a surplus of RO
2.454 billion by the end of May 2025. This represents a 38.5 percent decrease
compared to the same period in 2024, which saw a surplus of RO 3.989 billion.

Preliminary
statistics issued by the National Centre for Statistics and Information (NCSI)
show a 9.6 percent decrease in the total value of commodity exports, reaching RO
9.639 billion by the end of May 2025, compared to RO 10.659 billion in the
corresponding period of 2024.

This
decline is primarily attributed to a 15.2 percent decrease in Oman’s oil and
gas exports, which amounted to RO 6.315 billion by the end of May 2025,
compared to RO 7.444 billion in the same period of 2024.

In
contrast, Oman’s non-oil commodity exports witnessed a notable 7.2 percent
growth, reaching RO 2.701 billion by the end of May 2025, compared to RO 2.521
billion in the same period of 2024.

However,
re-exports from Oman recorded a 10.3 percent decrease by the end of May 2025,
amounting to RO 623 million compared to RO 695 million during the same period
of 2024.

The
data also revealed a 7.7 percent increase in the total value of commodity imports
to Oman, reaching RO 7.185 billion by the end of May 2025, compared to RO 6.670
billion in the corresponding period of 2024.

On
the other hand, the United Arab Emirates topped the list in non-oil export
trade by the end of May 2025, with exports to the UAE reaching RO 485 million,
marking a 22.9 percent growth compared to the end of May 2024. The UAE also led
the list of countries to which Oman re-exported goods, with a value of RO 248
million, and was the top exporting country to Oman, with imports valued at RO
1.651 billion.

Saudi
Arabia ranked second in Oman’s non-oil export list, with a value of RO 451
million, followed by India with RO 280 million.

In
terms of re-exports, Iran came in second with RO 109 million, followed by Saudi
Arabia with RO 45 million.

Regarding
countries exporting to Oman, Kuwait ranked second with imports valued at RO 731
million, followed by the People’s Republic of China with RO 698 million.

—Ends/AG