MUSCAT: The food and consumer goods sector recorded a 23 per cent growth in the value of insured sales by Credit Oman during Q1, bringing the total sales value of this sector to RO 43,329,415, compared to RO35,232,322 in the same period in 2022.
The share of the value of locally insured sales within the Sultanate of Oman amounted to RO 29,591,180, while the value of sales from the Sultanate of Oman and to the world amounted to RO 13,738,396.
The building and construction materials sector continued to grow in the volume of insured sales, which amounted to RO 31,569,518, compared to the same period last year, which amounted to RO 30,944,167.
In the mining sector, the growth rate increased to 274 per cent in the total volume of insured sales for exports and domestics, with a total value of RO 1,449,708. The petrochemical and plastics sector recorded a growth of 135 per cent, with a total value of RO 4,836,527.
The clothing industry sector witnessed a significant decline of 37 per cent, bringing the total value of insured sales to RO 427,558 compared to the same period last year which amounted to RO 683,360.
Credit Oman continues its efforts to support local exporters and sellers through the insurance solutions it provides that suit customers' needs and help them enter promising markets and sell their products. — ONA
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