Drop in oil exports dents Oman’s trade surplus

Oman’s trade surplus declined by 30 percent in 2025, pushed down by lower oil exports, official data shows. 

The trade surplus was OR6 billion ($15.5 billion), down from $21.5 billion in 2024, the National Centre for Statistics and Information said. 

The total value of merchandise exports reached $60 billion last year, a 7 percent decrease, compared with $65 billion a year ago, according to the NCSI.

Merchandise imports increased by 3 percent. The value of re-exports climbed 20 percent while the value of non-oil merchandise exports increased by 7.5 percent.

Foreign investments into Oman over the year 2025 were valued at $9 billion, up about a quarter since the previous year.

Oil and gas income dropped by 15 percent to $38 billion in 2025. The sultanate sold its oil at an average price of $71 per barrel, down from $80 per barrel in 2024, NCSI said. 

In the 2025 budget, Oman estimated its oil price at $60 per barrel. 

Oman produced 1 million barrels per day of crude in 2025, marginally higher from 993,000 bpd a year earlier. 

The NCSI said the country produced 57 million cubic metres of gas in 2025, just 1 percent more than in 2024. 

Further reading:

• Oman’s non-oil exports to UAE jump by a quarter
• Oman economic zones raised $3.6bn investment in 2025
• SMEs push up value of contracts awarded in Oman