Oman’s non-oil exports are emerging as a vital pillar of the country’s economic development, playing a significant role in diversifying revenue sources and reducing dependence on oil. Expanding these exports strengthens the national production base, stimulates growth across multiple economic sectors, generates employment opportunities, and enhances global competitiveness through improved product quality and innovation, as reported by Zawya.

The Ministry of Commerce, Industry, and Investment Promotion remains committed to facilitating Omani exporters' entry into new markets while enhancing their existing international trade partnerships. In collaboration with key stakeholders from both government and private sectors, the ministry implements policies aimed at boosting exports and diversifying trade balances to ensure sustainable economic growth.

According to media reports, Oman’s non-oil exports have witnessed remarkable growth, accounting for 33% of the country’s total exports by the end of the first half of 2024. Data shows that non-oil exports reached RO 3.575 billion by June 2024, reflecting an 8% increase compared to RO 3.307 billion in the same period in 2023. This consistent rise in export figures underlines Oman’s efforts to establish itself as a competitive global trade player.

Among the leading non-oil export categories, mineral products topped the list, contributing RO 1.304 billion, which marks a 21.5% increase from RO 1 billion recorded during the same period in 2023. Metal products and their derivatives ranked second, reaching a total export value of RO 671 million, representing a 7.3% increase. Plastic and rubber products followed closely, generating RO 473 million, growing by 11.5%. These figures highlight the growing demand for Omani non-oil commodities in international markets.

Oman continues to strengthen its presence in regional and global markets to support its economic diversification goals. The country has been actively targeting key export destinations, including Gulf countries, East Asia, the Indian subcontinent, African nations, the United States, Europe, and China.

Ibtisam Ahmed Al Farooji, Undersecretary for Investment Promotion at the Ministry of Commerce, Industry, and Investment Promotion, emphasized that non-oil exports are fundamental to Oman’s national economic strategy and align with the Vision 2040 framework. She noted the immense potential for further expansion, adding that enhancing Omani product competitiveness on the global stage would strengthen the local economy, encourage private sector participation, and create new investment opportunities.

Lubna Mohammed Al Harthy, Head of the Export Development Department at the ministry, further highlighted that promoting Omani products internationally requires coordinated efforts between government agencies, private businesses, and exporters. She emphasized that Oman is actively leveraging regional and global trade agreements to maximize its export potential, ensuring sustained growth and long-term economic resilience.

The continued expansion of Oman’s non-oil exports reflects the country’s commitment to economic diversification, global trade competitiveness, and industrial innovation, solidifying its position as a key player in the international marketplace.