Wednesday, 18 October 2017 09:52 GMT
img

Omani exports decline 10.5 per cent

(MENAFN - Muscat Daily) The total value of Omani exports including oil and gas products recorded a decline of 10.5 per cent from January to the end of February this year. The exports fell from RO3.8bn during the same period last year to RO3.4bn this year. 


A National Center for Statistics and Information (NCSI) report attributed the decline to a fall in oil and gas exports, bringing RO2.2bn in revenue till the end of February compared to RO2.4bn for the same period in 2013.


The total value of re-exports also declined by 39.7 per cent to RO479.1mn till the end of February this year against RO795mn by the end of February 2013.


In the exports category, only non-oil exports recorded a growth – 23.9 per cent, totaling RO694.9mn compared to RO560.7mn last year. This growth is due to increase in mineral product exports (47.9 per cent), rising from RO176mn by the end of February 2013 to RO260.3mn during the same period in this year.


Chemical products also contributed, increasing 22.4 per cent from RO105.6mn till February 2013 end to RO129.3mn this year. There was a 10.7 per cent decline in the value of merchandise imports through sea, land and air. The total volume of merchandise imports by weight also registered a drop of 28.4 per cent by the end of February 2014 totalling 3.2mn tonnes versus 4.5mn tonnes by the end of February 2013. The total value of merchandise imports arriving via sea declined by the end of February this year to RO1.2bn compared to RO1.5bn during the same period in 2013, representing a 22.4 per cent fall. Meanwhile, by volume, imports by sea declined by 24 per cent to 1.8mn tonnes compared to 2.4mn tonnes from January to February in 2013.


The value of merchandise imports arriving via land outlets grew by 39.3 per cent, recording RO523mn by the end of February 2014 compared to RO375.4mn during the same period in 2013, although the volume by weight declined by 33.2 per cent, dropping from 2.2mn tonnes by the end of February 2013 to 1.4mn tonnes during the same period in 2014.


During the same period the total value of merchandise imports arriving via air declined by 16.7 per cent, recording RO136.6mn compared with RO164mn by the end of February 2013.


The volume of air imports by weight recorded a drop of 41.5 per cent, with 7,300 tonnes recorded by the end of February 2014, compared with 12,400 tonnes during the same period in 2013.
Omani exports decline 10.5 per cent