Tuesday 29 / July / 2025
Muscat: The Sultanate of Oman's trade balance recorded a surplus of OMR2.454 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 OMR3.989 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 OMR9.639 billion by the end of May 2025, compared to OMR10.659 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 OMR6.315 billion by the end of May 2025, compared to OMR7.444 billion in the same period of 2024.
In contrast, Oman's non-oil commodity exports witnessed a notable 7.2 percent growth, reaching OMR2.701 billion by the end of May 2025, compared to OMR2.521 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 OMR623 million compared to OMR695 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 OMR7.185 billion by the end of May 2025, compared to OMR6.670 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 OMR485 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 OMR248 million, and was the top exporting country to Oman, with imports valued at OMR1.651 billion.
Saudi Arabia ranked second in Oman's non-oil export list, with a value of OMR451 million, followed by India with OMR280 million.
In terms of re-exports, Iran came in second with OMR109 million, followed by Saudi Arabia with OMR45 million.
Regarding countries exporting to Oman, Kuwait ranked second with imports valued at OMR731 million, followed by the People’s Republic of China with OMR698 million.
