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Oman-Saudi trade doubles to $3.24bn in H1 2022

Oman News Agency
Net oil revenue in the first nine months of 2022 was up 37 percent year-on-year

Bilateral trade between Oman and Saudi Arabia more than doubled to exceed OR 1.249 billion ($3.24 billion) during the first half of 2022, compared to OR 595 million in the year-earlier period, Oman Daily Observer reported.

Saudi Arabia’s exports to Oman reached OR 831 million, with metals topping the chart with OR 538 million.

On the other hand, Oman’s exports to Saudi Arabia were valued at OR 418 million by June-end. 

The volume of Saudi investments registered in Oman amounted to OR 1.477 billion, according to Ridha Juma Al Saleh, chairman of the Oman Chamber of Commerce and Industry.

In 2021, Saudi Arabia was Oman’s fourth biggest trading partner, next to China, UAE and India, with OR 1.3 billion in merchandise trade.