Oman trade surplus rises 51 percent to $12.23 billion

Oman’s trade surplus rose by approximately 51 percent to reach OMR 4.7 billion ($12.23 billion) by the end of June 2026. This increase follows a surplus of OMR 3.1 billion during the same period in 2025, according to data from the National Centre for Statistics and Information (NCSI).

The growth in the trade balance was driven by a 15.3 percent rise in merchandise exports, totaling OMR 13.2 billion. A significant contributor to this surge was the oil and gas sector, which saw a 16.5 percent increase in export value to OMR 8.6 billion. Additionally, non-oil exports grew by 11.4 percent to OMR 3.6 billion, while re-exports increased by 20 percent to OMR 978 million.

In terms of trading partners, the United Arab Emirates was the leading destination for Omani non-oil exports, valued at OMR 1.134 billion. Other major partners for non-oil exports included Saudi Arabia and India. For re-exports, Iran was the top destination, followed by the United Arab Emirates and Saudi Arabia.

Looking at broader historical trends, Oman’s total exports reached $60.5 billion in 2025, a significant increase from $44.6 billion in 2021, despite a 4 percent year-over-year decline from 2024 levels. The nation's export economy remains heavily concentrated, with mineral fuels, including oil, accounting for 66.3 percent of total exports in 2025.