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FINANCIAL NEWS
Oman’s trade surplus soars to $1.28b in January
16 Jun 2010
(MENAFN) A report issued by the Omani government showed that the Sultanate?s trade surplus has more than quadrupled to $1.28 billion in January from a year ago as higher crude prices spurred a surge in exports, Times of Oman reported.
The sultanate posted a trade surplus of $1.19 billion in December 2009. A year ago, in January 2009, it recorded a $277.9 million.
Exports jumped 26.6 percent year-on-year to $2.77 billion in January this year, after a 27.4 percent rise in the previous month, the economy ministry’s preliminary data showed.
Imports fell 22.0 percent to $1.49 billion compared with an 18.5 percent decline in December, the data showed.
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