Oman’s non-oil exports rise 15%; re-exports fall
Oman’s non-oil exports recorded a 15 per cent year-on-year growth during the first two months of 2019, mainly due to heavy demand for non-oil Omani products from Saudi Arabia.
Total non-oil exports increased to RO618.6mn during the January–February period of this year against RO537.8mn in the same period of 2018, the figures released by the National Centre for Statistics and Information (NCSI) showed.
Omani exports to Saudi Arabia surged more than 121 per cent to RO180.2mn in the first two months of this year compared to RO81.5mn in the same period a year ago. However, exports to the United Arab Emirates remained flat at RO104mn in January–February this year.
Exports to India grew by 31 per cent to RO51.7mn, while shipments to China dropped 14.7 per cent to RO41.8mn this year.
On the other hand, total re-exports from Oman fell 19.5 per cent to RO233.7mn in the first two months of 2019 compared to more than RO290mn recorded in the same period of 2018. Re-exports to the UAE rose 11 per cent to RO65.7mn this year, while re-exports to Qatar slightly increased 0.7 per cent to RO56.2mn, the NCSI data showed.