Oman posts trade surplus of RO942mn at end-September

Muscat - 

Oman’s trade surplus stood at RO942.2mn at the end of September last year, according to National Centre for Statistics and Information (NCSI) data.

The total value of the sultanate's commodity exports stood at RO7.5bn, which was down 28.2 per cent from the same period in 2015, when it stood at RO10.4bn. Commodity imports stood at RO6.5bn at the end of September 2016, which fell 21.4 per cent from RO8.3bn a year earlier.

The total value of oil and gas exports stood at RO4.1bn. This was down 32.9 per cent from RO6.2bn in the corresponding period of 2015.

The value of crude oil exports stood at RO3.5bn. Oman’s refined oil exports came in at RO1.17bn and the value of LNG exports stood at RO521.3mn.

The value of non-oil exports stood at RO1.8bn at the end of the first nine months of 2016, for a decline by 24.1 per cent from RO2.3bn a year earlier.

The chemicals industry registered the highest value from non-oil exports, which despite a year-on-year decline of 24 per cent stood at RO430.1mn, compared with RO565.7mn during the same period in 2015.

The value of plastic and rubber exports stood at RO104mn, which declined 49.7 per cent from RO206.8mn.

The value of mineral product exports stood at RO422.5mn, comprising a decline by 13.9 per cent, compared with the same period in 2015. Mineral works declined 30.6 per cent to 348.3mn.

The value of equipment, machinery and electrical equipment exports and their parts declined 23.8 per cent to RO83.4mn. The export of live animals and their products declined 21.7 per cent to RO126.3mn.

Re-export activity declined 18.2 per cent to RO1.5bn from RO2.8bn.

Re-export of transport equipment declined 37.3 per cent to RO767.2mn at the end of September 2016, compared with RO1.2bn a year earlier.

The re-export of other minerals increased 30.6 per cent to hit RO493.3mn. The value of the other re-export products stood at RO281.9mn.

The value of the sultanate's commodity imports, including tools, electrical equipment, machinery and parts stood at RO1.3bn, declining 18.8 per cent from RO1.6bn. The value of

mineral imports stood at RO820.7mn, which fell 31.4 per cent from RO1.1bn.

The value of transport equipment imports declined 43.7 per cent to RO752.3mn from RO1.3bn. The value of regular minerals and their products imports stood at RO871.3mn; a decline by 9.8 per cent compared with RO966mn in 2015.

NCSI data also showed that the United Arab Emirates topped the list of trade partners, as the value of Oman non-oil exports to the emirates during the first nine months of 2016 stood at RO445mn, compared with RO475.6mn during the same period in 2015, a decline of 6.4 per cent.

Non-oil exports to Saudi Arabia stood at RO196.8mn, followed by India with RO193mn, Yemen at RO149mn and China of RO147.7mn.

The value of re-exports to UAE stood at RO400.7mn, followed by Iraq with RO201.1mn, Saudi Arabia with RO152.8mn, China with RO141.6mn and Iran with RO88.3mn.

In terms of top exporters to Oman, UAE topped the list with a total of RO3.2bn. Chine came in second with RO309.4mn, India with RO302.8mn, Japan with RO287.5mn and the US with RO287.1mn.

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