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UAE retains top position among Oman’s import markets
September 27, 2015 | 6:20 PM
by A E JAMES/[email protected]
Oman’s total imports last year stood at OMR11,267.7 million, with 32.5 per cent of these coming from the UAE. - Times file picture
 
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Muscat: Oman’s neighbouring country, the United Arab Emirates, retained its position as the top exporter of goods and services to the Sultanate in the first five months of 2015, with a share of 32.5 per cent or OMR1,471.5 million.

The Sultanate’s total imports edged down by 2 per cent to OMR4,525.8 million in this period, from OMR4,620.2 million for the same period last year.

According to the latest statistics released by the National Centre for Statistics and Information (NCSI), Japan was the second leading market for Oman’s imports, followed by India, China and Saudi Arabia. In fact, the Sultanate imported Chinese goods and services worth OMR249.6 million, showing a surge of 52 per cent over the same period last year.

Oman’s total imports last year stood at OMR11,267.7 million, with 32.5 per cent of these coming from the UAE. Also, it is generally believed that Chinese exports to Oman will surge in the coming months due to a fall in prices of Chinese goods in the aftermath of a huge devaluation of yuan.



As far as non-oil exports are concerned, the Sultanate witnessed a 12.9 per cent fall at OMR1,338.1 million in the first five months of the current year, against the same period last year. The fall in export revenue was mainly on account of a plunge in commodity prices in international markets.

The UAE was also the top importer of Oman’s non-oil exports, followed by Saudi Arabia, the United States, China and India.



According to the latest statistics released by the NCSI, the UAE imported non-oil commodities worth OMR276.7 million, out of the Sultanate’s total non-oil exports of OMR1,338.1 million in the first five months of 2015.

Oman's export development agency, Public Authority for Investment Promotion and Export Development (popularly known as Ithraa), is undertaking several initiatives to enhance non-oil exports, especially to its target markets. These programmes include visits of trade delegations, participation in international exhibitions, business-to-business meetings and market studies in potential export markets.

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