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FINANCIAL NEWS
Oman’s trade balance reaches USD 5.68bn
27 Mar 2016
(MENAFN) Oman’s trade balance recorded a surplus of USD 5.68bn at the end of 2015 despite fall in exports by 34.7 percent, trailed by drop in whole value of oil and gas exports.
Furthermore, the value of chemical industries surpassed the non-oil exports, which stood at USD 7.76mn compared to USD 10.6mn in 2014, a fall by 27.2 percent.
Accordingly, the merchandise exports logged a drop by 34.7 percent at USD 34.51mn at the end of 2015 compared to USD 52.90mn at the end of 2014.
In addition, the whole value of the Sultanate’s crude oil exports reached USD 17.17mn, whereas the refined oil exports stood at USD 471.30mn.
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