The Sultanate's trade balance recorded a surplus of OMR1.777 billion at the end of April 2018, compared to OMR946.3 million at the end of April 2017, according to preliminary statistics released by the National Centre for Statistics and Information (NCSI).
The total export of goods to the Sultanate by the end of April 2018 was OMR5.109 billion, which is an increase of 27.7 per cent compared to April 2017 when the exports to the Sultanate were OMR4.2 billion.
In addition to this, commodity imports increased by 9 per cent to reach to OMR3.332 billion at the end of April 2018 from OMR3.056 billion at the end of April 2017.
The Sultanate's oil and gas export was recorded at OMR3.209 billion, which is an increase of 30.5 per cent compared to the end of April 2017, when it had reached OMR2.459 billion.
Among the oil and gas exports by the end of April 2018, the Sultanate's crude oil export was worth OMR2.385 billion, while the value of refined oil exports was OMR295.3 million, and the value of liquefied natural gas (LNG) exports was OMR529.5 million.
These statistics show that the value of non-oil goods exports increased by 22.9 per cent to reach OMR1.316 billion, from OMR1.070 billion at the end of April 2017.
The mineral products had the highest value of non-oil goods exports, with a growth of 17.4 per cent to reach OMR341.6 million from OMR290.9 million at the end of April 2017. They were followed by chemical products exports, which increased by 5.6 per cent to reach OMR291.5 million from OMR276 million at the end of April 2017.
Similarly, the value of exports of ordinary metal products increased by 37.3 per cent to reach OMR305.8 million by the end of April 2018 from OMR222.7 million at the end of April 2017. The export of plastics and rubber products increased by 46.6 per cent to reach OMR89.8 million. The export of livestock and their products increased by 86.2 per cent to reach OMR81.2 million, while the export of other products was OMR206.8 million.
The value of re-exports from the Sultanate increased by 23.3 per cent to reach OMR583.4 million by the end of April 2018 compared to OMR473 million at the end of April 2017.
The value of re-export of machinery, electrical appliances and spare parts increased by 174.3 per cent to reach OMR123.5 million. The re-export value of food and beverage products also increased by 32.3 per cent to reach OMR51.2 million.
The value of re-export of transport equipment decreased by 29.1 per cent to reach OMR154.6 million. The value of metal products decreased by 9.2 per cent to reach OMR119.2 million. Re-exports of other products were recorded at OMR134.9 million.
The Sultanate's imports of machinery, electrical equipment and spare parts reached a high value of OMR950.7 million, which is an increase of 46 per cent over the end of April 2017, when it was OMR651 million.
The Sultanate's imports of ordinary minerals and their products reached OMR571.9 million, which is an increase of 37.3 per cent from OMR416.4 million at the end of April 2017.
The Sultanate's imports of transport equipment were recorded at OMR228.3 million, which is a decrease of 47.3 per cent from OMR433.5 million at the end of April 2017.
The value of the Sultanate's imports of chemical products reached OMR245.8 million, which is an increase of 7.5 per cent from OMR228.8 million by the end of April 2017.
The value of the Sultanate's imports of mineral products decreased by 16 per cent to reach OMR231.5 million from OMR275.7 million at the end of April 2017.
The value of the Sultanate's imports of food and beverage products was recorded at OMR175.1 million, and of livestock and their products was at OMR175 million. The value of natural pearls, cultured pearls and precious stones was recorded at OMR98.3 million.
The United Arab Emirates (UAE) topped the countries in non-oil exports and imports, while Qatar was on top in re-exports from the Sultanate.
The Sultanate's non-oil export to the UAE at the end of April 2018 was OMR270.5 million, which is a decrease of 1.7 per cent from OMR275.3 million at the end of April 2017.
The value of Omani non-oil exports to Saudi Arabia was OMR191.3 million, followed by Qatar with OMR139.6 million, India with OMR114.6 million, and China with OMR86.5 million.
Qatar's share of re-exports was valued at OMR133.3 million, followed by the UAE with OMR127.7 million.
Iran took the third position in re-exports, with a value of OMR47.9 million, followed by the United Kingdom with OMR40 million and Pakistan with OMR38.8 million.
With its exports worth OMR1.548 billion by the end of April 2018, the UAE was also the top exporter to the Sultanate. It was followed by China with OMR207.8 million and the United States with OMR148.9 million. India’s export to Oman was valued at OMR144.7 million, and Italy’s export was at OMR110.6 million.
The total export of goods to the Sultanate by the end of April 2018 was OMR5.109 billion, which is an increase of 27.7 per cent compared to April 2017 when the exports to the Sultanate were OMR4.2 billion.
In addition to this, commodity imports increased by 9 per cent to reach to OMR3.332 billion at the end of April 2018 from OMR3.056 billion at the end of April 2017.
The Sultanate's oil and gas export was recorded at OMR3.209 billion, which is an increase of 30.5 per cent compared to the end of April 2017, when it had reached OMR2.459 billion.
Among the oil and gas exports by the end of April 2018, the Sultanate's crude oil export was worth OMR2.385 billion, while the value of refined oil exports was OMR295.3 million, and the value of liquefied natural gas (LNG) exports was OMR529.5 million.
These statistics show that the value of non-oil goods exports increased by 22.9 per cent to reach OMR1.316 billion, from OMR1.070 billion at the end of April 2017.
The mineral products had the highest value of non-oil goods exports, with a growth of 17.4 per cent to reach OMR341.6 million from OMR290.9 million at the end of April 2017. They were followed by chemical products exports, which increased by 5.6 per cent to reach OMR291.5 million from OMR276 million at the end of April 2017.
Similarly, the value of exports of ordinary metal products increased by 37.3 per cent to reach OMR305.8 million by the end of April 2018 from OMR222.7 million at the end of April 2017. The export of plastics and rubber products increased by 46.6 per cent to reach OMR89.8 million. The export of livestock and their products increased by 86.2 per cent to reach OMR81.2 million, while the export of other products was OMR206.8 million.
The value of re-exports from the Sultanate increased by 23.3 per cent to reach OMR583.4 million by the end of April 2018 compared to OMR473 million at the end of April 2017.
The value of re-export of machinery, electrical appliances and spare parts increased by 174.3 per cent to reach OMR123.5 million. The re-export value of food and beverage products also increased by 32.3 per cent to reach OMR51.2 million.
The value of re-export of transport equipment decreased by 29.1 per cent to reach OMR154.6 million. The value of metal products decreased by 9.2 per cent to reach OMR119.2 million. Re-exports of other products were recorded at OMR134.9 million.
The Sultanate's imports of machinery, electrical equipment and spare parts reached a high value of OMR950.7 million, which is an increase of 46 per cent over the end of April 2017, when it was OMR651 million.
The Sultanate's imports of ordinary minerals and their products reached OMR571.9 million, which is an increase of 37.3 per cent from OMR416.4 million at the end of April 2017.
The Sultanate's imports of transport equipment were recorded at OMR228.3 million, which is a decrease of 47.3 per cent from OMR433.5 million at the end of April 2017.
The value of the Sultanate's imports of chemical products reached OMR245.8 million, which is an increase of 7.5 per cent from OMR228.8 million by the end of April 2017.
The value of the Sultanate's imports of mineral products decreased by 16 per cent to reach OMR231.5 million from OMR275.7 million at the end of April 2017.
The value of the Sultanate's imports of food and beverage products was recorded at OMR175.1 million, and of livestock and their products was at OMR175 million. The value of natural pearls, cultured pearls and precious stones was recorded at OMR98.3 million.
The United Arab Emirates (UAE) topped the countries in non-oil exports and imports, while Qatar was on top in re-exports from the Sultanate.
The Sultanate's non-oil export to the UAE at the end of April 2018 was OMR270.5 million, which is a decrease of 1.7 per cent from OMR275.3 million at the end of April 2017.
The value of Omani non-oil exports to Saudi Arabia was OMR191.3 million, followed by Qatar with OMR139.6 million, India with OMR114.6 million, and China with OMR86.5 million.
Qatar's share of re-exports was valued at OMR133.3 million, followed by the UAE with OMR127.7 million.
Iran took the third position in re-exports, with a value of OMR47.9 million, followed by the United Kingdom with OMR40 million and Pakistan with OMR38.8 million.
With its exports worth OMR1.548 billion by the end of April 2018, the UAE was also the top exporter to the Sultanate. It was followed by China with OMR207.8 million and the United States with OMR148.9 million. India’s export to Oman was valued at OMR144.7 million, and Italy’s export was at OMR110.6 million.
Source Link: timesofoman.com
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