Oman Posts $5.4 Billion Trade Surplus as Re-Exports Jump 66.8%
Updated
Updated · Arab News · Jul 12
Oman Posts $5.4 Billion Trade Surplus as Re-Exports Jump 66.8%
3 articles · Updated · Arab News · Jul 12
Summary
2.09 billion Omani rials ($5.4 billion) left Oman with a trade surplus at end-April, nearly flat from 2.11 billion rials a year earlier, as merchandise exports of 7.6 billion rials continued to outpace 5.5 billion rials of imports.
Oil and gas exports fell 7.5% to 4.7 billion rials, while non-oil exports also edged down to 2.1 billion rials from 2.2 billion, limiting overall surplus growth.
770 million rials of re-exports provided a brighter spot, rising 66.8% from 462 million rials and signaling a bigger role for transit trade in Oman’s external sector.
The UAE dominated Oman’s trade flows—taking 480 million rials of non-oil exports and 331 million rials of re-exports, while supplying 1.5 billion rials of imports; Saudi Arabia, India and China were also key partners.
Across the Gulf, Oman’s figures fit a broader pattern of stronger non-oil and re-export activity, even as Saudi Arabia’s surplus was lifted mainly by oil and the UAE reinforced its regional hub status.