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Oman foreign trade jumps 50.5 per cent
MUSCAT — Oman’s foreign trade recorded a 50.4 per cent jump in value in the first three months of the year, statistics released by the Ministry of National Economy indicated.
The total value of shipments amounted to RO3,226 million at the end of March, compared with RO2,145.2 million a year earlier.
The ministry attributed this to a 45.6 per cent increase in non-oil exports, which amounted to RO440.4 million, against RO302.5 million. Re-export trade rose by 82.5 per cent to RO430 million from RO235.6 million. Oil and gas exports jumped by 46.6 per cent to RO2,355.6 million from RO1,607 million.
The UAE topped the countries importing Omani non-oil products, totalling RO189.9, followed by India (RO39.9 million) and South Korea (RO33.6 million). The UAE also was the largest buyer of Oman’s re-exported goods at RO268.8 million.
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