Oman’s exports hit USD34.95b in Jan.-Aug.

17 Dec 2014

(MENAFN) Oman’s total value of exports, including oil and gas, non-oil products and re-exports, have reached USD34.95 billion by the end of the January-August period of this year, declining by 5.9 percent compared to USD37.02 billion recorded during the same period in 2013, Times of Oman reported.

The National Centre for Statistics and Information (NCSI), which released the latest figures, attributed the decline to the decrease in the value of oil and gas exports by 6.6 percent by the end of August, falling to USD23.30 billion from USD24.85 registered during the same period in 2013 and despite the increase by 6.8 percent in the value of non-oil exports, which totaled USD6.47 billion compared with USD5.95 at the end of August 2013.

During the first eight months of this year, the total value of merchandise imports through sea, land and air outlets declined by 13.1 percent, from a total of USD22.26 billion to USD19.41 billion during the period, with the total value of merchandise imports through sea declining by 23 percent to USD12.16 billion when compared to USD15.97 billion in 2013.

Meanwhile, the value of merchandise imports arriving by land increased by 26.1 percent, recording USD5.69 billion by the end of August of this year compared to USD4.40 billion during the same period in 2013, while the total value of merchandise imports arriving via air declined by 23.4 percent, from USD1.94 billion registered by the end of August last to USD1.49 billion registered by the end of the January-August period of this year.