Oman’s trade surplus reached approximately OMR4.7 billion in the first half of 2026, a significant increase of 51% compared to the OMR3.1 billion recorded during the same period in the previous year. This data highlights the country’s robust trade performance, with merchandise exports experiencing a notable rise of 15.3%, amounting to around OMR13.2 billion by the end of June. The surge was primarily fueled by a stronger output in oil and gas exports, which saw a 16.5% increase in value, climbing to OMR8.6 billion from the previous year’s OMR7.4 billion.
In addition to oil and gas, Oman’s non-oil exports also showed positive growth, advancing by 11.4% to approximately OMR3.6 billion. Furthermore, the country’s re-exports saw a 20% uptick, reaching OMR978 million. Meanwhile, merchandise imports experienced a modest rise of 2.1%, totaling OMR8.6 billion. The trade dynamics underscore the resilience and diversification of Oman’s economy, with both oil and non-oil sectors contributing to its trade profile.
The United Arab Emirates emerged as the largest market for Oman’s non-oil exports, importing goods worth OMR1.134 billion. Saudi Arabia was the second-largest destination, receiving OMR357 million in goods, followed closely by India at OMR333 million. This distribution highlights the strategic trade relationships Oman maintains within the region and beyond.
When it comes to re-exports, Iran topped the list as the primary destination, accounting for OMR254 million of re-exported goods. The UAE followed with OMR221 million, and Saudi Arabia was next with OMR188 million. These figures reflect the interconnected trade networks in the region and Oman’s role as a key player in re-export activities.
On the import front, the UAE continued to be Oman’s largest trading partner, supplying goods valued at OMR2.423 billion. China and Türkiye were also significant contributors, with imports valued at OMR1.194 billion and OMR676 million respectively. This pattern underscores the diverse sources from which Oman imports goods, reinforcing its broad international trade links.