Oman’s trade surplus surges to RO1.4bn

Port of SalalahOman recorded a surplus of RO1,402.9mn in international trade at the end of September 2017, compared with RO944.3mn during the same period of 2016, according to data released by the National Centre for Statistics and Information (NCSI).

The total value of exports from the Sultanate by the end of September 2017 was RO9,143.2mn, an increase of 21.8 per cent compared to the same period in 2016, where the total commodity exports was RO7,504.8mn.

The Sultanate’s import of goods increased by 18 per cent to reach RO7,740.3mn, compared with RO6,560.5mn during the same period in 2016.

The Sultanate’s exports of oil and gas stood at RO5,360mn, an increase of 28.8 per cent over RO4,162.9mn during the same period in 2016. The export of crude oil stood at RO4,269.9mn, while the value of refined oil exports was RO238.8mn. Liquefied natural gas exports were valued at RO851.4mn.

The export of mineral products recorded a 51.5 per cent growth at RO640mn by the end of September 2017, compared with RO422.5mn for the same period in 2016. This is followed by chemical products at RO610.1mn, which is an increase of 41.9 per cent, compared to RO430.1mn during the same period in 2016.

Exports of base metals and articles, and their products, increased by 35.8 per cent to reach RO472.9mn. Similarly, exports of plastic and rubber products increased 43.5 per cent to reach RO149.4mn.

However, exports of livestock and products recorded a fall of 7.6 per cent to reach RO116.7mn. Electrical machinery equipment and accessories also dropped by 16.7 per cent to reach RO69.4mn.

Similarly, the value of re-exports from the Sultanate declined by 8 per cent in September 2017 to reach RO1,418.4mn from RO1,542.3mn during the same period in 2016.

The re-export of transport equipment fell by 42.1 per cent to RO443.8mn from RO767.2mn during the same period in 2016.

The value of the re-export of mineral products dropped 7.7 per cent to reach RO455.3mn from RO493.3mn.

On the other hand, the value of re-exports of electrical machinery, mechanical equipment and accessories increased by 83.3 per cent to RO180.5mn, compared with RO98.5mn during the period.

The re-exports of other products by the end of September 2017 stood at RO338.8mn, which is an increase of 84.8 per cent over RO183.3mn in the same period in 2016.

The Sultanate’s import of machineries, equipment, and electrical appliances and their spare parts recorded the highest value at RO1,634.5mn, which is an increase of 20.8 per cent over the same period in 2016.

The Sultanate’s import of transport equipment by the end of September 2017 stood at RO1,317.8mn, which is an increase of 75.7 per cent over RO750.1mn in the same period in 2016.

Imports of base metals and articles stood at RO1,027.4mn by the end of September 2017, constituting an increase of 17.9 per cent over RO871.3mn at the end of September 2016.

The import of mineral products fell by 26.3 per cent by end-September to RO605.2mn from RO820.7mn during the same period last year.

The Sultanate’s import of livestock and products increased by 0.3 per cent to reach RO334.5mn. Similarly, the value of imports of prepared foodstuffs and beverages increased by 5.5 per cent to reach RO359.8mn.


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