(MENAFN- Muscat Daily) The total value of Oman's exports at the end of May 2014 - including oil and gas non-oil products and re-exports - declined 10.4 per cent to RO8.3bn compared with RO9.3bn in the corresponding period of 2013.
The National Centre for Statistics and Information (NCSI) in its recent report on trade and exports attributed the decline to a 9.9 per cent drop in the value of oil and gas exports to RO5.5bn from RO6.1bn a year ago.
The total value of re-exports declined 24 per cent to RO1.2bn at the end of May 2014 against RO1.6bn a year ago.
Non-oil exports posted the only increase growing 2.9 per cent to total RO1.5bn. Within the segment mineral product exports grew by 10.4 per cent. Plastic and rubber product exports also contributed to the growth increasing 42.3 per cent to RO147mn.
According to NCSI statistics the total value of merchandise imports declined by 14.6 per cent to RO4.6bn at the end of May this year compared with RO5.4bn during the same period in 2013. Imports by weight also registered a drop of 25.2 per cent to 8.7mn tonnes from 11.6mn tonnes.
The total value of imports by sea declined 23.2 per cent
to RO2.9bn. Meanwhile the volume of imports by sea declined by 27.3 per cent to 5.1mn tonnes.
On the other hand the value of merchandise imports via land grew by 19.7 per cent to RO1.2bn.
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