The Sultanate of Oman’s trade balance recorded a surplus of RO 2.454 billion by the end of May 2025. This represents a 38.5 percent decrease compared to the same period in 2024, which saw a surplus of RO 3.989 billion.

Preliminary statistics issued by the National Centre for Statistics and Information (NCSI) show a 9.6 percent decrease in the total value of commodity exports, reaching RO 9.639 billion by the end of May 2025, compared to RO 10.659 billion in the corresponding period of 2024.

This decline is primarily attributed to a 15.2 percent decrease in Oman’s oil and gas exports, which amounted to RO 6.315 billion by the end of May 2025, compared to RO 7.444 billion in the same period of 2024.

In contrast, Oman’s non-oil commodity exports witnessed a notable 7.2 percent growth, reaching RO 2.701 billion by the end of May 2025, compared to RO 2.521 billion in the same period of 2024.

However, re-exports from Oman recorded a 10.3 percent decrease by the end of May 2025, amounting to RO 623 million compared to RO 695 million during the same period of 2024.

The data also revealed a 7.7 percent increase in the total value of commodity imports to Oman, reaching RO 7.185 billion by the end of May 2025, compared to RO 6.670 billion in the corresponding period of 2024.

On the other hand, the United Arab Emirates topped the list in non-oil export trade by the end of May 2025, with exports to the UAE reaching RO 485 million, marking a 22.9 percent growth compared to the end of May 2024. The UAE also led the list of countries to which Oman re-exported goods, with a value of RO 248 million, and was the top exporting country to Oman, with imports valued at RO 1.651 billion.

Saudi Arabia ranked second in Oman’s non-oil export list, with a value of RO 451 million, followed by India with RO 280 million. In terms of re-exports, Iran came in second with RO 109 million, followed by Saudi Arabia with RO 45 million.

Regarding countries exporting to Oman, Kuwait ranked second with imports valued at RO 731 million, followed by the People’s Republic of China with RO 698 million.