News Column

Omani exports total RO5.14bn in Q1

August 10, 2014



The total value of Omani exports, which includes oil and gas, non-oil products and re-exports registered a decline of 7.9 per cent,  totalling RO5.14bn by the end of Q1 2014, compared with RO5.58bn registered during the same period in 2013, a press release said. 



Recently released foreign trade figures issued by the National Centre for Statistics and Information (NCSI) revealed the decline was due to a 9.3 per cent fall in oil and gas exports by the end of Q1 2014, when compared with the same period in 2013, generating export revenue of RO3.37bn by the end of March 2014 when compared with RO3.72bn by the end of March 2013. During the same period, the total value of re-exports declined by 27.2 per cent recording a total value of RO760.6mn by the end of Q1 2014 against RO1.04bn in the same period last year.



Within the exports category, the only increase recorded was in the non-oil exports which grew by 23.4 per cent totaling some RO1.01bn at the end of March 2014 compared with RO818.2mn during the same period in 2013. The growth in the non-oil exports is largely due to the increase in mineral products exports by 69.2 per cent rising from RO213mn registered by the end of March 2013 to RO360.4mn during Q1 2014.



According to the NCSI foreign trade report, the total value of merchandise imports declined by 8.1 per cent totalling RO2.94bn by the end of March 2014 compared to RO3.20bn during the same period in 2013. The total volume of merchandise imports by volume registered a drop of 7.4 per cent by the end of March 2014, totaling 5.98mn tons compared with 6.46mn tons recorded during the same period in 2013.



The total value of merchandise imports arriving via sea outlets declined by the end of March 2014 to RO1.93bn compared to RO2.31bn during the same period in 2013, representing a decline of 16.3 per cent. Meanwhile, when measured by volume, imports by sea increased by 6.2 per cent to 3.87mn tons by end of March 2014 when compared with 3.65mn tons during the same period in 2013. 



Additionally, the total value of the merchandise imports arriving via land outlets grew by 28.5 per cent recording RO789.2mn by the end of March 2014 compared with RO614.2mn during the same period in 2013. However, the total volume of merchandise arriving via land outlets declined by 24.8 percent dropping from 2.8mn tons by the end of March 2013 to 2.10mn tons during the same period in 2014.



Over the same period, the total value of merchandise imports arriving via air outlets declined by 21.2 per cent recording RO215.5mn compared with RO273.5mn by the end of March 2013. Additionally, the total volume of merchandise arriving via air outlets recorded a drop of 39.1 per cent with 11,300 tons recorded by the end of March 2014 compared with 18,600 tons during the same period in 2013.


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Source: Week, The (Oman)


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