Oman exports decline 5.5 percent in 9M

24 Dec 2014

(MENAFN) Oman’s total value of exports, including oil and gas, non-oil products and re-exports, registered a decline of 5.5 percent by the end of the January-September period of this year, reaching USD39.87 billion compared with USD42.20 billion recorded during the same period in 2013, Times of Oman reported.

Oman’s National Centre for Statistics and Information (NCSI) said that the fall in exports is attributed to a decrease in the value of oil and gas exports by 7.2 per cent, declining from USD28.22 billion at the end of the first nine months of 2013 to USD26.15 billion registered by the end of September 2014, and despite the value of exports registered an increase by 10.5 percent totaling USD8.02 billion compared to USD7.24 billion recorded in September 2013.

According to the NCSI report, the total value of merchandise imports through sea, land and air outlets declined by 15.8 percent at the end of September 2014, totaling USD21.74 billion compared to almost USD25.89 billion during the same period in 2013.

Meanwhile, the total value of merchandise imports through sea outlets declined by 26.5 percent to USD13.72 billion compared to USD18.64 billion in 2013, while the value of merchandise imports arriving via land grew by 26.3 percent, recording USD6.47 billion compared to about USD5.17 billion in 2013, and the total value of merchandise imports arriving by air declined by 22.4 percent, recording USD1.72 billion compared to USD2.22 billion at the end of September 2013.