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UAE major exporter to Oman

posted on 28/07/2002: 783 views

The UAE was the major exporter to Oman even as the country's total merchandise exports declined 15.4 per cent during January and February. The UAE exported goods worth 103.1 million Omani riyals followed by Japan (48.2 million riyals) and UK (23.7 million riyals).

On trade exchange by major countries, the UAE occupied the first position among the countries importing non-oil Omani exports (12.2 million riyals), followed by Saudi Arabia (4.3 million riyals) and the U.S. (3.9 million riyals). Re-exports registered an increase of 22.6 per cent to 99.8 million riyals in January and February. The UAE took first place with 41.1 million riyals, followed by Iran (27.8 million riyals) and Saudi Arabia (6.2 million riyals).

A bulletin published by the Ministry of National Economy indicated that the total value of merchandise exports stood at 590.7 million riyals as of end February. The bulletin attributed the decline to the drop in the value of oil and gas exports by 20.2 per cent to 453.2 million riyals compared with 567.8 million riyals last year. (The Gulf News)


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