Oman exports decline by 6% by end August

(MENAFN- Muscat Daily) The total value of exports from Oman including oil and gas non-oil products and re-exports recorded a decline of 5.9 per cent by the end of August 2014 totaling RO13.5bn when compared with RO14.3bn recorded during the same period in 2013. 

Recently released trade and export statistics issued by the National Centre for Statistics and Information (NCSI) reveals the factors behind the decline which include a decrease in the value of oil and gas exports by 6.6 per cent by the end of August 2014 declining from RO9.6bn recorded by the end of August 2013 to RO9bn recorded during the same period in 2014.

During the same period the total value of re-exports also declined by 15.4 per cent recording re-exports of RO2bn compared with a total of RO2.4bn recorded during the same period in 2013.

One the other hand non-oil exports increased by 6.8 per cent totaling RO2.5bn by the end of August 2014 compared with RO2.3bn recorded by the end of August 2013.

According to the NCSI report the total value of merchandise imports through sea land and air outlets declined by 13.1 per cent by the end of August 2014 from a total of RO8.6bn by the end of August 2013 to RO7.5bn during the same period in 2014.

The total volume of merchandise imports by weight also registered a drop of 30.2 per cent by the end of August 2014 totaling 13.2mn tons versus 19mn tons by the end of August 2013.

The total value of merchandise imports through sea outlets declined by the end of August 2014 by 23 per cent to RO4.7bn when compared with RO6.1bn during the same period in 2013.