7 Hrs
Source:
وكالة الأنباء القطرية
Oman's trade surplus reaches 3.4 billion riyals
The Sultanate of Oman's trade balance recorded a surplus of 3.4 billion Omani Rials up to the end of May 2024, marking a 37.2% increase compared to the surplus of 2.5 billion Rials during the same period of the previous year. The value of commodity exports rose by 10.1% to 10.6 billion Rials, with notable increases in oil and gas exports by 8.4% to reach 6.8 billion Rials, and re-exports by 64% to 1 billion Rials. Conversely, imports increased by 0.8% to 7.22 billion Rials, reflecting relative stability in the country's imports. This growth indicates an improvement in the country’s economic performance, especially in the oil sector, despite the trade balance surplus being smaller than in previous periods.
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