RIYADH: Despite a decline in overall export revenues due to reduced crude prices, Oman’s non-oil exports increased 7.5 percent to 6.7 billion Omani rials ($17.4 billion) in 2025, demonstrating the benefits of diversification.
Stronger trade flows through the Sultanate’s ports and logistics hubs helped re-export activity grow quicker, rising 20.3 percent year over year to 2.05 billion rials, according to data from the National Centre for Statistics and Information.
As part of its economic diversification policy, Oman is working to reduce its reliance on hydrocarbons, and the growth reflects the government’s efforts to increase industrial output and expand export-oriented sectors.
The rise in non-oil trade comes after Fitch Ratings upgraded Oman’s long-term foreign-currency rating from BB+ to BBB- in December, elevating it to investment-grade status. The agency said that government debt has decreased from roughly 68 percent of GDP in 2020 to about 36 percent in 2025, citing improved external conditions, healthier public finances, and ongoing fiscal restraint.
According to Raymond Khoury, partner and public sector lead at Arthur D. Little Middle East, “The Sultanate of Oman has made notable advancements in diversifying its exports and enhancing its economy sustainably, particularly through non-oil sectors.
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