Energy exports drop
Non-oil exports rise
Imports show increase
Oman’s total foreign trade in the first quarter of 2025 declined by 10.4 percent year on year to $14.7 billion, dragged down by a 16 percent drop in oil and gas exports.
Oil and gas exports fell to $9.6 billion in March this year, from $11.4 billion the previous quarter, figures from the National Centre for Statistics and Information showed.
However, non-oil revenues rose 8.6 percent to $4.2 billion, thanks to a sharp increase of minerals exports, which climbed 14 percent to $1.2 billion.
Oman’s non-oil exports include chemicals, fish, live animals and agricultural products.
Total imports showed a rise of 11 percent year on year to $11.2 billion in March.
Transportation equipment took the lion’s share, accounting for 27 percent of total imports, followed by electrical materials and chemicals.
Oman’s main trade partners in the first three months of 2025 were India, Saudi Arabia, South Korea and the UAE.
The sultanate relies heavily on its crude oil exports, which make up more than 70 percent of its national revenues.
Oman produces an average of one million barrels of crude oil per day.
The Gulf state’s economy recorded modest GDP growth last year, up 1.7 percent year on year to around $100 billion. This year, GDP is projected to grow to $102.42 billion.
