Tuesday 19 / November / 2024
Muscat: The export statistics of Credit Oman indicated a significant increase in the value of insured sales in the food and building materials sectors during the third quarter of 2022.
The statistics showed that the food sector continued to grow by 171 per cent in the third quarter of 2022 compared to the same period in 2021. During this period the total value of insured sales amounted to OMR119.92 million, while the value of Omani exports to various countries of the world amounted to OMR40.14 million. The value of local sales amounted to OMR79.77 million.
In the building materials sector, the total value insured was OMR92.18 million, registering a growth of 332 per cent in the third quarter of 2022 compared to the same period in 2021. The value of sales from the Sultanate of Oman and to countries around the world amounted to OMR79.31, and local sales amounted to OMR12.86 million.
The building materials sector includes building and construction materials and primary building materials such as ceramics, iron, marble, granite, cement, gypsum materials, dyes, and others.
The agricultural materials sector recorded a remarkable increase of 77 per cent, as the total value of insured sales reached OMR7.94 million, while the total insured sales in the petrochemical sector amounted to OMR6.72 million.
Credit Oman, the government company operating in the field of credit insurance and enabling Omani exports, owned by the Omani Investment Authority (OIA), seeks through its efforts to stand with local exporters and sellers, increase their sales volume through insurance services and solutions it provides, open new markets around the world and start selling and exporting their products.
Credit Oman studies global markets and their credit ratings, through which commercial risks are assessed in the exporting country, which contributes to increasing confidence among exporters and selling their products easily.
