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FINANCIAL NEWS
Oman’s imports drop by USD 28.47bn
19 May 2016
(MENAFN) Oman’s whole imports dropped by 1 percent to USD 28.47bn last year, from USD 29.17bn in 2014 due to the drop in commodity prices across the world.
Moreover, the decline in all imports was related to the plunge in commodity prices, while whole imports moved ahead by 53.5 percent to 35.57bn tons.
Additionally, the Sultanate imported products and services, which is goods and services value USD 11.05bn from the UAE.
Whole exports, involving re-export from the country jumped by 34.7 percent to USD 34.5bn last year from USD 52.96bn in the previous year.
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