Oman’s Non-Oil Exports Surge to RO1.61 Billion in Q1 2026: Key Insights for Investors and Entrepreneurs
MUSCAT: Oman’s non-oil exports reached RO 1.611 billion in the first quarter of 2026, while re-exports experienced a 4.6 percent increase. This trend underscores the Sultanate’s ongoing commitment to trade diversification and the enhancement of non-hydrocarbon economic activity.
According to figures released by the National Centre for Statistics and Information (NCSI), re-exports rose to RO 367 million by the end of March, up from RO 351 million during the same period in 2025.
The data reveals substantial growth across several export sectors, with the chemical industry leading the way. Its exports surged 17 percent year-on-year, reaching RO 216 million. Base metals followed closely, with a 10.8 percent increase to RO 376 million, while exports of live animals and animal products grew by 6 percent, totaling RO 104 million.
The United Arab Emirates remained the primary market for Omani non-oil exports, receiving goods worth RO 382 million, which accounts for 23.7 percent of the total non-oil exports. Saudi Arabia ranked second with imports valued at RO 201 million, followed by India at RO 156 million, South Korea at RO 154 million, and the United States at RO 133 million.
The Ministry of Commerce, Industry and Investment Promotion emphasized its efforts to boost export competitiveness through Oman Exports, which assists Omani companies in accessing international markets. This support includes enhancing trade services, streamlining export procedures, and encouraging participation in global exhibitions and trade events.
Ghalib bin Said al Maamari, Under-Secretary at the Ministry of Commerce, noted that these results reflect national successes in diversifying the economy and increasing non-oil export contributions. He added that the ministry is committed to developing initiatives that offer technical and logistical support for exporters while facilitating Omani companies’ expansion into new international markets.
Additionally, the ministry is preparing specialized market studies, organizing training programs, and strengthening connections with international buyers and trade partners as part of broader efforts to widen Oman’s export base.
These latest figures highlight the increasingly important role of non-oil exports in advancing economic diversification under Oman Vision 2040, which aims to enhance the global reach and competitiveness of Omani products. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
Oman’s impressive increase in non-oil exports to RO 1.611 billion signals a significant shift towards economic diversification, presenting opportunities for businesses to expand into previously untapped international markets. However, as competition grows, smart investors should consider enhancing their export strategies and leveraging government support initiatives to optimize their market penetration. The rise in re-exports further emphasizes the potential for thriving trade relationships, particularly with key markets such as the UAE and Saudi Arabia.
