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FINANCIAL NEWS
Oman’s exports fall 8.5 percent in Jan.-July
04 Dec 2014
(MENAFN) Oman registered a decline in the total value of its exports, including oil and gas, non-oil products and re-exports, by 8.5 percent during the January-July period of this year, to reach USD30.29 billion compared with USD33.14 recorded during the same period in 2013, Muscat Daily reported.
Oman said that the decline in exports is due to a decrease in the value of oil and gas exports by 7.7 per cent, declining from USD22 billion exported by the end of July 2013, to USD20.71 billion recorded during the same period in 2014.
During the same period, the total value of non-oil exports also declined by 1.1 per cent to USD5.36 billion by the end of July 2014 compared with USD5.41 billion during the same period in 2013.
Meanwhile, the total value of merchandise imports through sea, land and air also registered a decline by 12.8 per cent to USD16.83 billion when compared with USD19.42 billion during the first seven months of 2013, while the volume of merchandise imports by weight also registered a drop of 29 percent totaling 11.6 million tons compared with the recorded 16.4 million tons at the end of July 2013.
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