(MENAFN - Khaleej Times) Oman's exports grew by more than 28 per cent last year largely because of higher oil prices, newly-released official statistics indicate.
Shipments totalled RO18.1 billion, compared to RO14 billion in 2010, an increase of 28.7 per cent. Oil and gas exports fetched RO12.8 billion against RO9.7 billion, up 32.9 per cent.
Non-oil exports rose by 23.9 per cent to RO3 billion from RO2.4 billion, while re-exports registered an increase of 17 per cent to RO2.2 billion from RO1.9 billion. The UAE was the largest importer of non-oil goods from the sultanate at RO450.1 million, followed by India (RO413.1 million) and China (RO331.8 million). The bulk of Omani re-exports too went to the UAE, totalling RO888.5 million, China came second (RO234.2 million) and Iran third (RO152 million).
Meanwhile, the sultanate's imports during the year rose by 19.4 per cent to RO9.1 billion from RO7.6 billion.
Again, the UAE topped the list of exporters to Oman, accounting for RO2.5 billion, followed by Japan (RO1.1billion) and the USA (RO535.7 million.