Oman’s foreign trade slumps as oil and gas exports dip

• Trade down 2% in first 9 months
• Drop of 16.5% in hydrocarbons
• Non-oil revenue rises to $13bn

Oman’s foreign trade in the first nine months of 2025 fell 2 percent year on year to $79 billion, weighed down by a 16.5 percent drop in oil and gas exports, data from the state statistical agency shows.

Oil and gas exports declined to $28.3 billion, from $33.9 billion in the same period a year earlier, the National Centre for Statistics and Information said.

However, non-oil revenue rose 10.3 percent to $13 billion, helped by an increase in chemical production, up 14.5 percent at $1.7 billion.

Oman’s non-oil exports include minerals, chemicals, fish, live animals and agricultural products. 

Total imports rose 9.3 percent year on year to $34.4 billion in the first nine months. 

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Transport equipment led imports with 30 percent of the total, followed by electrical materials and chemicals. 

Oman’s top non-oil export trade partners are the UAE, Saudi Arabia, South Korea, India and the UK. 

The sultanate relies heavily on crude oil exports of 1 million barrels per day, which make up more than 70 percent of national revenues.