Oman Widens Q1 Trade Surplus to RO1.54bn as Imports Drop 11.7%
Updated
Updated · Muscat Daily · Jun 21
Oman Widens Q1 Trade Surplus to RO1.54bn as Imports Drop 11.7%
2 articles · Updated · Muscat Daily · Jun 21
Summary
RO1.54bn was Oman’s preliminary trade surplus in Q1 2026, up slightly from RO1.53bn a year earlier even as merchandise exports fell 8.5% to RO5.3bn.
Imports dropped faster—down 11.7% to RO3.8bn from RO4.3bn—offsetting weaker export earnings and supporting the wider surplus.
RO3.4bn in oil and gas exports, down 13%, drove the export decline, while non-oil exports were nearly flat at RO1.61bn and re-exports rose 4.6% to RO367mn.
The UAE remained Oman’s biggest trading partner, taking RO382mn of non-oil exports and RO102mn of re-exports while supplying RO1.1bn of imports; China ranked second on the import side at RO537mn.