Exports register a rise of 20.4 pc

MUSCAT: The Sultanate’s trade balance during the first 10 months of 2017 registered a surplus of RO 1,502.3 million, compared with RO 1,023.1 million during the same period in 2016.
The National Centre for Statistics and Information (NCSI) said in its bulletin that the merchandise exports, which include oil and gas, non-oil exports and re-exports registered an increase of 20.4 per cent to stand at RO 10,196.5 million, compared to RO 8,469.6 million during the same period in 2016.
The bulletin said that the value of commodity imports as of the end of October in 2017 stood at RO 8,694.2 million, compared to RO 7,446.5 million during the same period in 2016; constituting a rise by 16.8 per cent.
NCSI figures also showed that the value of oil and gas exports increased by 26.9 per cent during the first 10 months of 2017 to stand at RO 5,965.0 million, compared with the same period in 2016, which stood at RO 4,700.9 million.
The value of oil and gas exports during the first 10 months in 2017 stood at RO 4,761.8 million. The value of refined oil exports stood at RO 283.2 million. The value of the liquefied natural gas (LNG) exports stood at RO 920.1 million.
The NCSI added that as of the end of October 2017, the value of non-oil exports inclined by 28.2 per cent to stand at RO 2,600.8 million compared to RO 2,028.4 million in 2016.
Mineral products ranked the highest value of the merchandise exports worth RO 679.8 million, compared with RO 451.4 million, comprising an increase by 50.6 per cent till October 2017 compared to the same period in 2016.
The value of chemical industries exports stood at RO 674.200 million, a growth by 23.9 per cent compared with RO 503.4 million during the same period in 2016.
The value of regular minerals and mineral industries exports hit RO 526.8 million, comprising an increase by 35.4 per cent. The value of rubber and plastic exports stood at RO 166.6 million; a rise by 40.6 per cent.
Exports of live animals and their products declined by 16.1 per cent to RO 129.4 million in the first ten months of 2017. — ONA