当前位置:新闻动态

Oman January non-oil exports up 34pc to US$707.6 million

来源:    编辑:编辑部    发布:2018/06/14 11:31:31

OMAN's non-oil exports surged 33.6 per cent year on year to reach OMR272.1 million (US$707.6 million) in January 2018.

Since prices of a number of petrochemical products are positively correlated to the global prices of energy, the sultanate could gain immensely due to the recent rise in oil prices. 

A major recovery in energy prices indirectly helped the country to strengthen its non-oil export revenues, reported the Times of Oman.

Also, a big growth in exports of mineral products, chemical products, base metals and live animals aided the recovery in non-oil exports, according to the latest monthly statistics released by the National Centre for Statistics and Information (NCSI).

Among the non-oil product categories, exports of mineral products shot up year on year by 62.7 per cent to OMR36.8 million, while exports of chemical products were up 41.6 per cent to OMR79.5 million in January 2018, over the same period last year.

Further, export revenues from base metals and live animals, and its products, jumped year on year by 22.6 per cent and 41.8 per cent to OMR62.3 million and OMR21.1 million, respectively.

As part of the country's diversification programme, the sultanate has taken major steps to strengthen its export base of non-oil products.

Apart from petrochemicals, the sultanate's focused non-oil export products include processed aluminium, fertilisers, fish, minerals, metals and metal products, dates, chemicals, plastic products, detergents, mattresses and pharmaceuticals.

Re-exports also showed a 6.4 per cent growth at OMR131.3 million in January 2018, against OMR123.4 million for the same period last year, the NCSI reported.

The country's total exports grew 32.8 per cent to OMR1,201.6 million during January, 2018 mainly on account of a recovery in crude oil prices in the international market.

Export revenues from oil and gas exports rose 38.2 per cent to OMR798.2 million for January 2018.

The United Arab Emirates (UAE) retained its position as the leading destination of the sultanate's non-oil exports in the first month of 2018.

The sultanate's non-oil exports to the UAE reached OMR52.3 million in January, 2018, according to the NCSI report.

Exports to the UAE showed a growth of 7.2 per cent in January 2018, compared to the same period in 2017.