Oman’s Trade Surplus Hits RO 256 Million: Implications for Investors and Entrepreneurs
MUSCAT: Oman’s trade balance recorded a surplus of RO 256 million at the end of January 2026, a significant decrease from RO 528 million during the same period in 2025, according to preliminary data from the National Centre for Statistics and Information.
Total merchandise exports fell by 6.1% to RO 1.831 billion, down from RO 1.949 billion the previous year. In contrast, imports increased by 10.9%, reaching RO 1.575 billion, up from RO 1.421 billion.
The decline in exports was primarily due to a 15.9% decrease in oil and gas exports, which totaled RO 1.109 billion, compared to RO 1.318 billion in January 2025. However, non-oil exports rose by 15.3% to RO 613 million, a notable increase from RO 531 million, while re-exports also saw growth, rising 9.7% to RO 109 million.
The United Arab Emirates continued to be the largest destination for Oman’s non-oil exports, valued at RO 141 million, followed by Saudi Arabia at RO 92 million and South Korea at RO 77 million. The UAE also led re-export destinations at RO 43 million, followed by Saudi Arabia and Iran.
On the import front, China emerged as a key trading partner, with imports amounting to RO 213 million, followed by India at RO 113 million.
These figures underscore ongoing structural changes in Oman’s trade landscape, as stronger non-oil activity helps to mitigate fluctuations in hydrocarbon exports. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
Oman’s trade surplus has contracted significantly, with a decline in oil and gas exports posing risks to revenue for businesses reliant on hydrocarbons. However, the robust growth in non-oil exports indicates emerging opportunities in diversified sectors, particularly in trade with the UAE and Saudi Arabia. Smart investors and entrepreneurs should focus on leveraging the rise in non-oil sectors while adapting strategies to mitigate the impact of fluctuating oil markets.
