Oman's trade surplus rises to OMR6.5bn by end of August 2026

Business Tuesday 03/November/2026 15:07 PM
By: Times News Service
Oman's trade surplus rises to OMR6.5bn by end of August 2026

Muscat: The Sultanate of Oman's trade surplus recorded a surplus of approximately OMR6.5 billion by the end of August 2026, compared to a surplus of around OMR3.9 billion during the corresponding period of 2025, according to preliminary statistics issued by the National Centre for Statistics and Information (NCSI).

Data showed that the total value of commodity exports from the Sultanate of Oman exceeded OMR18.3 billion by the end of August 2026, recording an increase of 19.7 percent compared to the same period in 2025, during which export values stood at approximately OMR15.3 billion. Meanwhile, the value of merchandise imports rose by 4.4 percent to reach around OMR11.9 billion, compared to about OMR11.4 billion during the corresponding period last year.

The value of oil and gas exports surged by 23.9 percent to reach approximately OMR12.1 billion by the end of August 2026, compared to about OMR9.8 billion during the same period in 2025. The value of non-oil merchandise exports reached approximately OMR4.9 billion, marking an increase of 10.5 percent compared to about OMR4.4 billion. Re-export operations grew in value by 19.7 percent to stand at approximately OMR1.3 billion, compared to around OMR1.1 billion during the corresponding period last year.

Regarding importing countries for Omani non-oil exports, the United Arab Emirates topped the list with a value of approximately OMR1.6 billion by the end of August 2026, recording a growth of 91.8 percent compared to OMR814 million during the corresponding period in 2025. The Kingdom of Saudi Arabia ranked second at OMR478 million, followed by India at OMR445 million, the United States of America at OMR327 million, and China at OMR198 million.

In terms of re-exports, Iran topped the list of receiving countries with a value of OMR342 million by the end of August 2026, recording an increase of 69.6 percent compared to the corresponding period in 2025. The United Arab Emirates came second with a value of OMR293 million, followed by the Kingdom of Saudi Arabia at OMR274 million, recording a 178.2 percent increase, then the United Kingdom at OMR35 million, and Somalia at OMR29 million.

Regarding merchandise imports, the United Arab Emirates topped the list of countries supplying the Sultanate of Oman, with a value of approximately OMR3.3 billion by the end of August 2026, representing a 21 percent increase compared to about OMR2.7 billion during the corresponding period in 2025. China ranked second with a value of approximately OMR1.7 billion, registering a 49 percent increase compared to around OMR1.2 billion, followed by India at OMR912 million, Turkey at OMR769 million, and the Kingdom of Saudi Arabia at OMR747 million.