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English news

10-Apr-2016

Non-oil exports decline 27% to OMR3 billion

Oman's non-oil exports fell by 27.2% to OMR3,004 million in 2015 from OMR4,126 million in the previous year. A fall in commodity prices, which constitutes a sizeable share of Oman's exports, must have caused the fall in export revenue last year. Among various non-oil product categories, mineral exports plunged by 54.4% to OMR572.8 million last year. The country also witnessed a marked fall in export revenue from chemical, plastics, rubber and base metal products, according to the latest monthly statistics released by the National Centre for Statistics and Information (NCSI). Total exports also showed a 34.7% fall to OMR13.35 billion in 2015 from OMR20.46 billion in the previous year, mainly on account of a 41.9% plunge in oil and gas exports at OMR7.78 billion last year, in the aftermath of a dip in international crude prices. (Times of Oman)

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