Oman says foreign trade exports up 8.2% in 2013

Value of total exports rise to more than $56bn, with oil and gas products dominating the increase
Oman says foreign trade exports up 8.2% in 2013
By Andy Sambidge
Sat 29 Mar 2014 11:27 AM

The total value of exports delivered by Oman rose by more than eight percent in 2013 compared to the previous year, according to official data.

Statistics regarding Oman's foreign trade, issued by the National Centre for Statistics and Information (NCSI), revealed that exports in 2013 reached OR21.6 billion ($56.1 billion) compared to just over OR20 billion in 2012, an increase of 8.2 percent.

Oil and gas exports dominated the total value with more than OR14.3 billion registered by the end of 2013.

The sultanate's non-oil exports increased reached OR3.8 billion compared to OR3.5 billion in 2012, a growth rate of 5.9 percent.

The data showed that re-exported commodities increased significantly by 42.4 percent, reaching a total value of 3.5 billion by the end of 2013.

The NCSI statistics also recorded a growth in the total value of imports in 2013 to OR13,2 billion compared to OR10.8 billion, up 22.1 percent.

Oman's government budget surplus shrank to OR269.7 million ($700.5 million) in January compared with OR417.9 million a year ago due to higher spending and lower oil revenue, provisional government data showed.

The surplus accounts for 0.9 percent of the country's 2012 gross domestic product, according to a Reuters calculation based on the latest official data.

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