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FINANCIAL NEWS
Oman reports USD24b trade surplus in 2012
10 Apr 2013
(MENAFN) Oman’s statistics center stated that the country’s trade recorded a surplus of USD24 billion in 2012, representing a gain of 2.3 percent from a year before, reported Arabian Business.
The agency attributed the growth in merchandise trade to higher exports of energy products.
The Sultanate’s imports in the year grew by 19 percent, reaching USD27.99 billion.
The increase in imports resulted in part from a rise of 36.2 percent in purchases of transport equipment that stood at USD6.62 billion.
On the other hand, the country’s exports increased by 10.7 percent, reaching USD51.92 billion, with oil and gas exports rising by 8.9 percent in value terms to USD36.17 billion.
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