Written by 07:47 Business, News

Oman Achieves $5.4 Billion Trade Surplus: What Boosted Its Economic Performance?

Oman Achieves $5.4 Billion Trade Surplus: What Boosted Its Economic Performance?

RIYADH: As merchandise exports continued to outpace imports over the first four months of the year, Oman’s trade balance registered a surplus of 2.09 billion Omani rials ($5.4 billion) by the end of April, slightly different from 2.11 billion rials during the same time in 2025.

According to preliminary figures released by the National Centre for Statistics and Information, Oman had a trade surplus of more than 2 billion rials at the end of April, with total merchandise exports reaching 7.6 billion rials and merchandise imports standing at 5.5 billion rials.

By the end of April, oil and gas exports had dropped 7.5% to 4.7 billion rials from 5.1 billion rials during the same period last year. Compared to 2.2 billion rials during the same time in 2025, non-oil exports totaled 2.1 billion rials. The information is released at a time when Oman’s neighbors in the region are still reporting robust commercial activity, with re-exports and non-oil commerce being more significant throughout the Gulf.

Increased oil exports and non-oil exports, such as re-exports, contributed to Saudi Arabia’s trade surplus more than doubling in April. Re-exports reached 830.2 billion dirhams by the end of 2025, according to the UAE, highlighting its status as a hub for regional trade.

According to the Oman News Agency, “the value of re-exports from the Sultanate of Oman rose to 770 million rials by the end of April 2026, achieving growth of 66.8 percent from 462 million rials during the same period in 2025.

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