海角直播

JEDDAH: Oman's non-oil exports rose 9.1 percent in the first half of 2025, climbing to 3.26 billion rials ($8.48 billion), as the Sultanate鈥檚 diversification efforts gained traction despite a sharp decline in its trade surplus, preliminary data showed. 

The country鈥檚 trade surplus dropped 34.3 percent to 3.09 billion rials by the end of June, down from 4.70 billion rials in the same period last year. The decrease was largely attributed to a 16.1 percent fall in oil and gas exports, which amounted to 7.42 billion rials, compared with 8.85 billion rials in the first half of 2024, according to the National Centre for Statistics and Information. 

Oman鈥檚 Vision 2040 strategy is driving structural reforms aimed at reducing the economy鈥檚 reliance on hydrocarbons and fostering private sector growth. The government has promoted investments and eased regulations to strengthen non-oil sectors, including logistics, manufacturing, and services. 

鈥淭otal merchandise exports fell 9.5 percent to 11.499 billion rials, while re-exports decreased 5.9 percent to 815 million rials. Non-oil merchandise exports grew to 3.26 billion rials, up from 2.989 billion rials in the same period last year,鈥� the Oman News Agency reported, citing the NCSI. 

It added: 鈥淭he data showed that the total value of merchandise imports into the Sultanate of Oman rose 5.1 percent to 8.411 billion rials by the end of June 2025, compared with 8.004 billion rials in the same period of 2024.鈥� 

The UAE led Oman鈥檚 non-oil trade, with exports reaching 593 million rials, a 29.8 percent increase from the first half of 2024. The UAE also ranked first in receiving Omani re-exports, valued at 348 million rials, and was the top source of Oman鈥檚 imports at 1.98 billion rials. 

海角直播 followed as the second-largest destination for Oman鈥檚 non-oil exports at 538 million rials, with India third at 335 million rials.  

In re-exports, Iran came second at 129 million rials and 海角直播 third at 57 million rials. China and Kuwait were the second and third-largest sources of imports at 854 million rials and 795 million rials, respectively. 

In late 2024, oil and gas exports surged 22 percent year on year to 12.40 billion rials, supported by a 7.6 percent rise in crude oil and a 151.6 percent jump in refined oil exports, offsetting a 7 percent drop in liquefied natural gas, according to an NCSI report. 

Meanwhile, total merchandise exports grew 10 percent to 18.24 billion rials, and imports climbed 10.9 percent to 12.17 billion rials. However, non-oil exports contracted 14.1 percent to 4.53 billion rials, dragged down by a 27.3 percent decline in mineral products, even as plastics and rubber shipments rose 6.9 percent. 

Re-exports expanded 18.1 percent to 1.3 billion rials, supported by transport equipment, food, and mineral goods.