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The Sultanate's Trade Exchange Volume Stands at Over RO15 Billion.

Muscat, Dec.30 (ONA) ---- The Ministry of Commerce and Industry explained that the total volume of trade exchange between the Sultanate and the ten main partners during 2016 amounted to RO15.253.1 billion, representing 80.2 percent of the total trade volume of the Sultanate with surplus in trade balance for the Sultanate worth RO466 million (not including refined oil).

The data of the Department of Statistics in the Ministry of Commerce and Industry pointed out that the UAE topped the top ten partners according to the volume of trade exchange with the Sultanate in the size of trade exchange by the end of 2016 with RO5.518.2 billion. The trade balance between the Sultanate and the UAE is in favour of the UAE, due to the increase in imports compared to exports amounting to RO3.168.3 billion.

China came in second place with a trade volume of RO4.756.2 billion. The balance achieves trade surplus for the Sultanate worth RO3.845.4 billion.

The volume of trade exchange with South Korea amounted to RO882,923,875 with a surplus in trade balance for the Sultanate amounting to RO618,430,165.

The volume of trade exchange with Japan amounted to RO795,301,035. The trade balance is in favor of Japan with RO8,601,215. The trade balance is in favor of India with RO93,761,917. The trade exchange volume between the two countries amounted to RO794,891,159.

The volume of trade exchange with the Kingdom of Saudi Arabia amounted to RO731,536,097. The balance of trade surplus is in favor of the Sultanate with a value of RO91,708,345.

The volume of trade exchange with the United States amounted to RO721,770,484. The balance of trade surplus in is favor of the United States with RO112,870,776.

The volume of trade exchange between the Sultanate and Yemen amounted to

RO354,623,732 while the balance of trade achieved a surplus is in favor of the Sultanate by RO121,225,696.

The volume of trade exchange with Iran amounted to RO349,807,063 as the balance of trade surplus is in favor of Iran by RO144,083,713.

The volume of trade exchange with Taiwan amounted to RO347,747,915 with a trade surplus is in favor of the Sultanate by RO317,355,893.

--- Ends/MN/AH/FS

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Publication:Oman News Agency
Geographic Code:7UNIT
Date:Dec 30, 2017
Words:414
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