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Tue 9 Apr 2013 01:07 PM

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Oman's trade surplus rises to $24bn in 2012

Strong energy exports boost sultanate's performance last year, according to official data

Oman's trade surplus rises to $24bn in 2012

Oman's merchandise trade surplus rose 2.3 percent to OR9.24bn ($24bn) last year, boosted by strong energy exports, according to data released by the government's statistics centre on Tuesday.

Exports rose 10.7 percent to OR20.05bn, aided by an 8.9 percent increase in the value of oil and gas shipments to OR13.97bn.

Imports expanded 19.0 percent to OR10.81bn, partly because of a 36.2 percent jump to OR2.56bn in purchases of transport equipment. Flag carrier Oman Air added two aircraft to its fleet last year.