Oman’s imports from Saudi Arabia increase by 41%

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هذه الصفحة متوفرة بهذه اللغة: العربية

22 February 2021

MUSCAT(WAF): The volume of Oman’s imports from the Kingdom of Saudi Arabia amounted to about 363.5 million Omani Rials by the end of September 2020, compared to 257 million Omani Rials at the end of September 2019.

The data released today by the National Center for Statistics and Information (NCSI) indicated that although the total imports of the Sultanate during the same period decreased by 11% to reach RO6 billion, the only increase was from the Kingdom of Saudi Arabia.

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For imports in terms of country of origin, the volume of Saudi goods and products imported increased by 36.5%, amounting to RO367 million. This brings the percentage of Saudi imports of origin from about 4% at the end of September 2019 to 6% by the end of September 2020.

Emirati-origin imports increased by 2.4% to reach RO821.9 million. The UAE maintained the second-highest share in terms of imported products to the Sultanate, accounting for 13.6% of the imported goods and products. Chinese origin products ranked first with a 14.4% share.

Oman’s total non-oil exports – excluding re-exports – decreased by 12.7%. The only increase in Omani exports was to Qatar by 2.5% by the end of September 2020, before the GCC reconciliation in December 2020.

The value of goods and products re-exported via Omani ports increased by 22% on an annual basis. The change in the volume of re-exports came as follows for the five countries with the highest value for Omani re-exports:

% Change in re-export

Country

37.7

UAE

74.3

Qatar

4,481.3

Malaysia

-67.8

Iran

23.3

Hong Kong

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